Shares of Piezo Motion (OTCMKTS:BRSF) have been trading within a narrow range over the past few sessions.
Market Reaction
On Thursday, BRSF stock ended flat at $0.3495 with 100 shares, compared to its average volume of 8.2k shares. The stock moved within a range of $0.3495 – 0.3495 after opening trade at $0.3495.
Key Development
Piezo Motion (OTCMKTS:BRSF), a Brain Scientific company, and Electroline Sales, Inc. have announced a partnership on February 17, 2022. Piezo Motion is a developer and leading manufacturer of automation technology and Electroline Sales is a manufacturing representative serving many original equipment manufacturers (OEMs) in the Upper Midwest.
The unique motion control technology of Piezo Motion, will allow Electroline Sales to provide precision motor solutions to companies specializing in medical, agricultural, defense, robotics, automation, 3D printers and lab equipment, at an affordable rate. The multifaceted rotary and linear motors are designed using technology that makes them stable and accurate, specifically for OEMs that require ultimate speed, size and accuracy.
Tim Smith, president and owner of Electroline Sales, states that the company has always been about providing customers with new ideas and technologies to improve their product offering. The motors and linear actuators produced by Piezo Motion are components that will take this goal forward. Hassan Kotob, chairman and CEO of Brain Scientific, emphasizes about how their innovative and affordable rotary and linear motors can now be integrated into new product designs, in an accurate and precise manner.
Piezo Motion motors are used all over the world for laboratory instruments, biomedicine, optics, semiconductors, nanotechnology industries, and industrial electronic and automotive systems.
Traders Review
BRSF stock is trading above the 20-Day and 50-Day Moving averages of $0.33 and $0.31 respectively. However, the stock is trading below the 200-Day moving average of $0.40.
