Full range enterprise smart solutions providing company GZ6G Technologies Corp (OTCMKTS:GZIC) came into focus on Tuesday after it announced that it had signed a partnership with the firm Digideck by SportsDigita.
Market Action
On Tuesday, GZIC stock slid 6.25% at $2.25 with more than 11.8k shares, compared to its average volume of 25.19k shares. The stock has moved within a range of $2.1400 – 2.3000 after opening trade at $2.30.
Partnership With Digideck, Cloud-Based Presentation Platform
It was a significant development for the company but the news did not create much excitement among investors and the GZ6G stock suffered from a selloff to end the day with losses of 6%. In this situation, it might be a good move for investors to take a closer look at the nature of the partnership in order to make up their minds about the GZ6G stock.
GZ6G is involved in providing its solutions for cities and for large venues and this deal is right its alley. As per the provisions of this partnership, the company is going to provide presentations that have been created on the Digideck platform to venue and sports stadium clients.
The Digideck platform had actually been created by SportsDigita, which is based out of the city of Minneapolis in Minnesota. The deal is designed in such a way that it drives both revenues and engagement for GZ6G. Despite the drop in the stock price, it may be a good time for investors to start tracking the GZ6G stock a bit more closely.
Key Quote
“Our goal is to drive revenue and increase engagement as we grow both the Media and Network divisions,” said Peter Malecha, Director of GZ6G Media. “Working with Digideck will allow us to participate in a greater volume of sales meetings, putting our best foot forward, and helping brands, stadiums, and venues get excited about what we offer.”
Traders Note
GZIC stock is trading below the 20-Day and 50-Day Moving averages of $2.32 and $2.26. Moreover, the stock is trading below the 200-Day moving average of $2.28. The stock is down 1% over the past month.
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