Nightfood Holdings Inc (OTCMKTS:NGTF) Stock Continues to Trade in a Narrow Range

Nightfood Holdings Inc (OTCMKTS:NGTF), which is looking to disrupt the $50 billion nigh snacks market in the United States with its healthier snack products, saw its stock suffer from a bit of a selloff in the past week.

Market Stats

On Monday, NGTF stock ended flat at $0.1865 with more than 60.78k shares, compared to its average volume of 254k shares. The stock has moved within a range of $0.1810 – 0.1945 after opening trading at $0.1865.

HotelBusiness.com Publishes Nightfood CEO’s Vision of the Future of Hotel Snacking

During the course of that period, the Nightfood stock has declined by as much as 3% and it may be a good time for investors to figure out if it could be an opportunity to get into the stock or not. Yesterday, the company was in the news once again after it announced that an article written by the Nightfood Chief Executive Officer Sean Folkson was published in the HotelBusiness.com website.

In the above mentioned article, Folkson wrote about the significant opportunity that exists for hotels in making sleep friendly snacks available to the guests at the pantry shops at night. HotelBusiness.com is regarded as one of the more important publications in the hospitality industry and the fact that the article was published on the website is a major development for Nightfood.

However, it did not help the stock in bringing about a reversal in fortunes. It now remains to be seen if the Nightfood stock can bounce back any time soon.

Traders Corner

NGTF stock is trading below the 20-Day and 50-Day Moving averages of $0.20 and $0.21 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.27. The stock is down 5% in the past month.