November 25, 2016 - By Vivian Park
Interested investors have been looking for information on shares of SILVERSUN TECH INCORPORATED (OTCBB:SSNT) after the stock moved $0.65, hitting the $3.4 price point in a recent trade.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, SILVERSUN TECH INCORPORATED’s stock was big mover. According to the short interest report published recently, (SSNT) had 700 shorted shares for 0.3 days to cover. The prior short interest was 700 for a $N/A change. The 52-Week High and Low are noted here. -32.00% (High), 183.33%, (Low). The stock had 2,600 average volume.
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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.
Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.
So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.
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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.
Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.
In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.
A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.
Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.
More notable recent SilverSun Technologies Inc (OTCBB:SSNT) news were published by: Globenewswire.com which released: “SilverSun Technologies Announces Appointment of New Executives at SWK Technologies” on July 13, 2016, also Globenewswire.com with their article: “SilverSun Technologies Announces Management Change at SWK Technologies” published on May 27, 2016, Globenewswire.com published: “SilverSun Technologies Reports Profitable Third Quarter 2016 Results” on November 14, 2016. More interesting news about SilverSun Technologies Inc (OTCBB:SSNT) were released by: Marketwired.com and their article: “SilverSun Technologies Completes Acquisition of Accounting Technology Resources” published on March 12, 2015 as well as Reviewjournal.com‘s news article titled: “Silversun Pickups followed ‘spaghetti Western’ sound to Vegas” with publication date: August 19, 2016.
SilverSun Technologies, Inc. is a business application, technology and consulting company. The company has a market cap of $18.00 million. The Firm is engaged in providing strategies and solutions to meet information, technology and business management needs. It has a 35.12 P/E ratio. The Company’s services and technologies enable clients to manage, protect and monetize their enterprise assets in the cloud.
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By Vivian Park