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Infinite Security (OTCMKTS:IMCI) Stock Falls 27% In a Month: Here is The Recent Development

Madison Hall , , , ,

Investors in the company Infinite Security (OTCMKTS:IMCI) have not had a great time in the markets over the course of the past month considering the poor performance delivered by the company’s stock. During the course of that period, the stock suffered from a sharp selloff and went down by as much as 27% as a consequence.

Market Stats

On Thursday, IMCI stock ended flat at $0.11 with more than 16 shares, compared to its average volume of 17K shares. The stock has moved within a range of $0.1100 – 0.1100 after opening trading at $0.11.

IGI Cybersecurity Introduces CISO Team-as-a-Service

There has been no news this week about the company but it might be a good move for investors to possibly take a look at an announcement from Infinite Security back on December 1, 2021.

The company announced at the time that it had made the addition of a new service to its portfolio in order to provide its clients the possibility of having access to the entire team of security experts it employs.

The service in question is CISO Team as a Service and is designed in such a way so that the needs of an enterprise with regards to risk management, compliance, leadership and cybersecurity are taken care of easily. While it is true that it was a major announcement from the company, it did not lead to any significant upside for the stock. It remains to be seen if the Infinite Security stock can make a recovery any time soon.

Key Quote

“With the traditional role of a CISO evolving, companies can’t expect one person to meet all their business needs,” said Chad Walter, IGI’s VP of Sales and Marketing. “We designed a program that helps align cybersecurity with their business goals and gives them a level of service they can’t get with a single employee or consultant.”

Traders Corner

IMCI stock is trading below the 20-Day and 50-Day Moving averages of $0.1243 and $0.1441 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1928.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.