Although the Table Trac Inc (OTCMKTS:TBTC) stock was trading in a range on Thursday, it ought to be noted that the company was in fact in the news after it made a key announcement yesterday.
Market Reaction
On Thursday, TBTC stock moved down 1.15% to $3.45 with 450 shares, compared to its average volume of 12K shares. The stock moved within a range of $3.2000 – 3.4500 after opening trade at $3.30.
Best Bet Products, Inc of Pahrump, Nevada Chooses CasinoTrac Management System
The company announced yesterday that it had inked an agreement for the purpose of installing the CasinoTrac Management system at the Best Bet Products. The Best Bet Products is situated at the Phoenix Bar and Grill operated by Inc and is located in the city of Pahrumb in Nevada. It goes without saying that the expansion of the CasinoTrac product was a major new development for Table Trac.
However, it did not have the desired effect on the company’s stock as investors seemed non-committal. It is going to be interesting to see if the Table Trac stock manages to get any traction in the markets today or not.
Shawn Holmes, who is the President of Best Bet Products noted that they were excited about the possibility of expanding the presence of its CasinTrac Management system product. It may now be a good idea for investors to consider adding the stock to their watch lists and perhaps wait for further developments to unfold.
Key Quote
“We are excited about expanding the use of Casino Trac’s integrated slot accounting and customer reward programs in our locations. Casino Trac’s system has helped us build loyalty with our existing customers while driving future customer growth at our existing projects. With Casino Trac’s system, Best Bet Products, Inc is building a Player’s Club across our locations that will be used to maximize our opportunities in the distributed gaming and wholly owned gaming locations,” said Shawn Holmes, President of Best Bet Products, Inc.
Traders Review
TBTC stock is trading above the 20-Day and 50-Day Moving averages of $3.37 and $3.37 respectively. Moreover, the stock is trading above the 100-Day moving average of $3.38.
