Global Digital Solutions (OTCMKTS:GDSI) Stock Slumps 26% in a Week: Here is The Latest News
Global Digital Solutions (OTCMKTS:GDSI) is down 26% in a week. The company, which is positioning itself in the Automotive and Aviation technology Solutions sector, has offered updates regarding the Rontan Judgement Process and more updates about its Aviation Services Group.
Market Action:
On Thursday, GDSI stock moved down 5.43% at $0.0221 with more than 1.18 million shares, compared to its average volume of 797.04K shares. The stock has moved within a range of $0.0206 – 0.0269 after opening the trade at $0.0269.
Provides Update on Rontan Judgement and Aviation Services Group
In addition, the company indicated that Bolzan’s and RontanMetallurgica filed an appeal on October 15, 2021. Through its attorney at Boies Schiller Flexner, Global Digital Solutions anticipates responding in the coming weeks. the company has looked at the appellate brief. It is confident that the decision of the District Court was accurate.
Also, Global Digital Solutions continues to work on its proprietary Aviation Technology of Precision Approach Landing System and the Vertical Stacking Air Traffic Management, whose patent is pending. Because of the pandemic plus the long lead times when working with the FAA, the company hopes that the development of the systems with Passenger or Cargo airline operators or aircraft manufactures will be an easy way of adopting the technology. Investors should keep an eye on GDSI.
Traders Note:
GDSI stock is trading below the 20-Day and 50-Day Moving averages of $0.0273 and $0.0277 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0379. The stock is down 25% in the past 3-month.
