Harte Hanks Inc (OTCMKTS:HRTH) Stock Continues to Trade in a Tight Range: What Next?

Harte Hanks Inc (OTCMKTS:HRTH) stock has been moving in a narrow range over the month and seeing some buying action in early session on Monday.

Market Action

As of 10:07, HRTH gained 1.30% at $7.90. More than 1.6k shares have exchanged hands, well above its average volume of 8.81K shares. The stock opened at $8 and moved in a range of $7.90 – 8.00.

Harte Hanks Submits Listing Application to Uplist to Nasdaq Global Market®

Here are the highlights:

Harte Hanks announced that it filed a comprehensive listing application package with the Nasdaq Global Market®.

Based on the listing qualifications and discussions with listing officials, Harte Hanks qualifies for listing. The application process and review by Nasdaq and FINRA generally takes one to two months.

“Uplisting to the Nasdaq Global Market will be a significant milestone, illustrating the progress we have made in our turn-around strategy,” said Brian Linscott, Chief Executive Officer. “Returning to a national listing platform expands the potential audience of investors and should drive improved marketplace visibility and enhanced liquidity. Combined with continued improvement in our operations, this should position the Company for future growth and the creation of greater shareholder value.”

Jack Griffin, Chairman of the Board of Directors, said, “We have made significant progress in strengthening our financial performance, governance, and liquidity. A listing on the Nasdaq Global Market is a natural and encouraging progression for the Company and our shareholders.”

Trader Notes:

HRTH stock is trading above all the key moving averages with 200-day and 50-Day SMA stands at $5.12 and $6.79 respectively. Over the past year, the stock has lost over 295% Will the stock be able to find the bottom and recover from the oversold zone?