SaaS based information technology managed services providing company nDivision Inc (OTCMKTS:NDVN) has seen its stock come into considerable focus over the course of the past week and during the period it has clocked gains of 40%. In light of such considerable gains, it may be the right time for investors to perhaps take a closer look at the company.
Market Action
On Monday, NDVN stock ended flat at $$0.1699 with 4K shares, compared to its average volume of 41K shares. The stock moved within a range of $0.1519 – 0.1699 after opening trade at $0.1699.
nDivision Adds Former Global Partner Channel Chief for Rackspace Technology, Michael Stephens, to Its Advisory Board
As it happens, the company was actually in the news on Monday after it announced that it had inducted a new member to its Advisory Board in the form of Michael Stephens. The appointment of such a nature can often a significant one for any company and hence, it may be a good idea to look into it a bit more closely.
The latest position that Stephens had served in was that of the Global Partner Channel Chief at the company Rackspace Technology. Previously he had worked in key positions for Qwest Communications and CenturyLink.
The appointment to the advisory board is a significant one since it is the body that can often play a hugely influential role in the future of the company. At this point in time, investors could do well to keep the nDivision stock in their sights.
Key Quote
Mr. Stephens commented, “There continues to be a significant opportunity in the partner channel to position and sell infrastructure Managed Services and End User Help Desk services. I look forward to advising nDivision on how to maximize growth and profitability through alignment with the top technology master agent and distribution partners in the industry.
Traders Note
NDVN stock is trading below the 10-Day and 20-Day Moving averages of $0.1615 and $0.1632 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 52.
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