PowerBand Solutions Inc. (OTCMKTS:PWWBF – Get Rating) shares dropped 3.7% on Thursday . The stock traded as low as 0.15 and last traded at 0.16. Approximately 3,100 shares changed hands during trading, a decline of 98% from the average daily volume of 168,606 shares. The stock had previously closed at 0.16.
Analysts Set New Price Targets
Separately, Desjardins decreased their target price on shares of PowerBand Solutions from C$0.85 to C$0.50 in a research report on Thursday, June 2nd.
PowerBand Solutions Stock Performance
The stock has a 50-day simple moving average of 0.17 and a 200-day simple moving average of 0.35.
PowerBand Solutions Company Profile
PowerBand Solutions Inc, a technology company, develops, markets, and sells online trading platform, standardized appraisal system, market intelligence report, and finance portal for the automotive industry in Canada. The company provides LiveNet, a real-time, targeted, and mobile online auction platform; and Marketplace, an online auction, which allows dealers, and rental and leasing companies to post used vehicles for sale to qualified wholesale buyers.
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