Interactive learning technology solutions company Galaxy Next Generation Inc (OTCMKTS:GAXY) saw its stock trade within a range on Thursday but at the same time, it may be important to point out that there was an important development too.
Market Action
On Thursday, GAXY stock slid 0.34% to $0.2661 with 52K shares, compared to its average volume of 72K shares. The stock moved within a range of $0.2620 – 0.3095 after opening trade at $0.2670.
Galaxy Next Generation Offers G2 Visual Alerts to Every School in the U.S.
The company announced yesterday that it had made a complimentary offer of one school year subscription of its G2 Visual Arts security solution to all schools and district level schools in the United States. The product that has been offered by the company is cloud-based and is part of the bigger G2 Security Platform.
The G2 Visual Arts security platform can provide announcements or alerts to all devices in the school or in the school district as long as they are internet enabled. For instance, the device can help in sending out a lockdown message throughout the school or the school district in case of any kind of security situation.
Considering the fact that violence in schools has been on the rise in recent times, it is a product that could in fact prove to be beneficial for many schools. It could be a good idea now for investors to consider adding the Galaxy Next Generation stock to their watch lists.
Key Quote
“With the rise in school violence continuing across the nation, we felt compelled to make an impact on the education community by providing any schools with a proven security solution at no cost,” said Magen McGahee, Chief Financial Officer of Galaxy.
Traders Note
GAXY stock is trading above the 10-Day and 20-Day Moving averages of $0.30 and $0.33 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 40.
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