QuoteMedia (OTCMKTS:QMCI) To report Earnings Tuesday: Stock In Focus
Software development leader and cloud based financial markets information syndicator QuoteMedia (OTCMKTS:QMCI) saw its stock trade in a range on Monday. Although the stock traded in a range, it ought to be noted that the company was actually in the news yesterday.
Market Action
On Monday, QMCI stock fell 2.91% to 0.1641 with 3.1K shares, compared to its average volume of 16K shares. The stock moved within a range of $0.1641 – 0.1641 after opening trade at $0.1641.
QuoteMedia Year End 2021 Financial Results and Investors’ Conference Call March 30, 2022
The company provided update information yesterday with regards to the announcement of its financial results for the 2021 fiscal year and the associated conference call. The company started off its press release by providing the new number to which investors would need to call in. The correct number is 866-518-6930.
The company further announced that the financial results for the fiscal year ended on December 31, 2021 is going to be released on March 30, 2022. The conference call in question is going to be hosted by QuoteMedia on the same day at 2 in the afternoon Eastern Time.
At the conference call, the company would discuss the financial results and also provide key business updates. While it is true that it was a major announcement, it did not lead to much of a move in the stock price. However, investors could do well to keep the QuoteMedia stock in their watch lists ahead of the announcement tomorrow.
Traders Note
QMCI stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.16 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 50.
