On Wednesday, there were a number of stocks which traded within a range and one of those was the Table Trac Inc (OTCMKTS:TBTC) stock. Despite that, it ought to be noted that the company, which is involved in the development of casino information and management systems, was actually in the news cycle.
Market Action
On Wednesday, TBTC stock fell 0.75% to $3.30 with 888 shares, compared to its average volume of 1.8K shares. The stock has moved within a range of $3.3000 – 3.3100 after opening trade at $3.31.
Table Trac, Inc. Named to 2022 OTCQX Best 50
It may be a good move to perhaps take a look into it and then make up your minds about the stock one way or another. Yesterday, the company announced that it had been included in the 2022 OTCQX Best 50 and it goes without saying that it was a major development for Table Trac.
It is a ranking of those companies traded on the OTCQS which managed to deliver the best performances in the previous year. The ranking is directly related to the sort of performance delivered by a stock over the course of a year and hence, the inclusion is a significant milestone.
However, it did not lead to any major excitement among investors and the stock continued to trade within a range. It is now going to be interesting to see if the Table Trac stock can manage to make an upward move in the coming days.
Key Quote
“A company needs to meet high-level criteria to even be considered to trade on the OTCQX. To be in the top 10% of those 500 companies is something we are most proud of.” said Chad Hoehne, President of Table Trac, Inc.
Traders Note
TBTC stock is trading below the 20-Day and 50-Day Moving averages of $3.30 and $3.44. Moreover, the stock is trading is the neutral zone with RSI stands at 47. The stock is up 2% over the past month.
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