OTC Stock of the Day: Is HEMPTECH CORPORATION (HTCO) a Buy? The Stock Is in Investors Sights

November 23, 2016 - By Vivian Park

OTC Stock of the Day: Is HEMPTECH CORPORATION (HTCO) a Buy? The Stock Is in Investors Sights

Upon recent trading, HEMPTECH CORPORATION (OTCMKTS:HTCO) shares caught focus of OTC traders as the price moved $0.27, touching the $6.02 price point. Analyzing past data, HEMPTECH CORPORATION’s shares price was big mover in the last 1-year with the 52-Week low of 502.00% and 52-Week high of -39.80%.

Measuring a firm’s market value, also known as market capitalization allows investors and financial analysts assess the size of a firm relative to the market. Market capitalization can be understood as a statistic reflecting the public’s confidence in a firm because the calculation highlights the public’s investing arrangements. Financial institutions can put similarly-sized firms into groups such as mid-cap, small-cap AND large-cap by establishing a firm’s market capitalization.

Market capitalization is a vital financial indicator for two main reasons. Firstly, it helps investors in establishing value comparison between firms with their stocks trading at different levels. Secondly, it helps decide a firm’s size in relation to its peers. A firm’s market cap varies as its shares price changes, so financial editors compute market capitalization for public firms daily. HEMPTECH CORPORATION (HTCO)’s market capitalization is currently $968,548.

Is Stock Price of HEMPTECH CORPORATION All Set to Breakout to Their Potential? Enroll for Our Newsletter and Peep Into the Inside Scoop!

HEMPTECH CORPORATION’s shares has traded at $-83.33 month over month. The short interest of stock currently stands at 100 against short interest of 600 last month. Investors have 0.5 days to close the position.

The over-the-counter market is a place where stocks that are not listed on the NASDAQ, NYSE, or AMEX are traded. This term is referred exclusively for marginal or small firms that don’t fulfil the listing guidelines of the regulated stock exchanges. These stocks are sometimes called ‘pink sheet’ stocks, a term coined from the old days when such stocks lists were published on pink paper (now exclusively online). Since these equities are small and frequently financially suspect, OTC stocks are stated to be risky and, thus, are poorly traded. They are rarely traded, which indicate that the prospect of getting a bargain price is better over the stocks listed in an organized market. As a result, some traders are inclined to purchase OTC stocks in anticipation of making fast gains. The possibility of fast money becomes easier following the cheap prices of most of the OTC shares, often under $2.00-$1.00 per share, though it’s made tougher by the fact that detailed information on these equities is scarce and often undependable.

Trading in OTC securities is no different from straight gambling, and it is not suggested for beginners. Over-the-counter market is a decentralized market, with no central physical location. Market participants use communication methods like the telephone, email and proprietary electronic trading systems for trading. The exchange market and over-the-counter (OTC) market are two simple ways to establish a financial market.

Within an OTC marketplace, dealers are termed ‘market makers’ when they quote equity prices where they will sell and buy a currency or security. Trades can be carried out between two members in an OTC market without others being made informed of the transaction price, making OTC markets less reliable than exchanges. They are subject to fewer guidelines, which means increasing problems for investors. OTC markets are used mainly to trade currencies, structured products, derivatives and bonds. OTC markets can be used to trade stocks, such as the OTCQB, OTC Pink and OTCQX marketplaces in the U.S. Dealers that function in the U.S. markets are controlled by the Financial Industry Regulatory Authority, popularly named FINRA.

Receive Breaking News by Registering to our Newsletter! Hit on the Bar Below and Get Information About Stocks that are Geared to Make a Run!

OTC marketplace is a platform where clients and dealers trade with each other just like institutions and corporations do. The price a buyer gets from a seller may vary from the price received for same equity from another seller. The ask-bid margin is often wider for the OTC stocks. OTC markets operate smooth during the normal times, however, their lack of transparency becomes a vicious factor that can result in financial stress, and it was the same case when the 2007-2008 worldwide credit crisis happened. Mortgage-backed equities such as CMOs and CDOs, which were traded solely in the OTC markets, could not be dependably priced as liquidity was poor, and buyers were reluctant to trade in this market. This resulted in an increased count of dealers backing out from market-making activities, increasing the liquidity issue while driving a global credit crunch. The regulatory measures created in as the outcome of the crisis resolved this problem with the setup of clearinghouses for post-trade activities.

Disclaimer: The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Where quoted, past performance is not indicative of future performance.

More notable recent HempTech Corp (OTCMKTS:HTCO) news were published by: Globenewswire.com which released: “FutureWorld (FWDG) Sells Subsidiary HempTech Corp.” on March 03, 2015, also Investingnews.com with their article: “HempTech Corp Becomes a Publicly Traded Company” published on March 29, 2016, Globenewswire.com published: “FutureWorld (FWDG) Delivers Dividend on Subsidiary HempTech Corp” on April 20, 2015. More interesting news about HempTech Corp (OTCMKTS:HTCO) were released by: Globenewswire.com and their article: “FutureWorld (FWDG) HempTech Signs First Major Multistate Distribution …” published on November 16, 2015 as well as Marketwired.com‘s news article titled: “HempTech (HTCO) Signs Exclusive Agreement to Sell 1000 grow.droid II Container …” with publication date: May 16, 2016.

HempTech Corp., formerly Building Turbines, Inc., is a technology firm providing solutions for cultivators in legal marijuana and industrial hemp markets in the United States. The company has a market cap of $968,548. The Firm is a well-known provider of advanced controlled environment agriculture with automation and analytical tools for the cultivators of legal industrial hemp and cannabis. It currently has negative earnings. It has developed automation technologies for the growers and cultivators in the cannabis industry.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News