Interactive learning solutions company Galaxy Next Generation Inc (OTCMKTS:GAXY) saw its stock trading within a range on Monday but it ought to be noted at the same time that the company did make a major announcement yesterday.
Market Reaction
On Monday, GAXY stock fell 1.25% to $0.3160 with more than 31.1K shares, compared to its average volume of 74K shares. The stock moved within a range of $0.3050 – 0.3489 after opening trade at $0.3050.
Galaxy Next Generation Partners with EP Techworks
Galaxy Next Generation announced that it had been successful in inking a fresh reseller partnership agreement with the company EP Techworks. EP Techworks is a well-known and award winning technology solutions providing company that is based out of the city of El Paso in Texas. In this context, it is also necessary to point out that the company noted that orders for as many as 62 Interactive Panels had already been placed by the reseller.
In light of the new agreement, it may be a good idea for potential investors to consider taking a closer look at EP Techworks and its business. EP Techworks is involved in integrating technology systems and services for those to be used in a range of markets including education and government. It is an agreement that could prove to be a crucial one for Galaxy Next Generation in the long run. Hence, it remains to be seen if the stock does get any traction in the coming days.
Key Quote
Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “We are very excited to work closely with EP Techworks, as they have differentiated themselves with quality, integrity and trust with their projects and customers since 2009. They remain at the forefront of innovative technology products and solutions and provide exceptional customer service maintaining long-lasting relationships with customers. EP Techworks has been successful in our targeted area of education, but may also provide us additional exposure to opportunities in the commercial, healthcare and government sectors.”
Traders Review
GAXY stock is trading below the 20-Day and 50-Day Moving averages of $0.39 and $0.69 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.48.
