Is Mer Telemanagement Solutions (NASDAQ:MTSL) stock a Good Buy After The Recent Slump?

The past week has not been a great time for Mer Telemanagement Solutions Ltd (NASDAQ:MTSL) stock as the stock suffered from a strong selloff. During the course of the past week, the stock declined by as much as 30% and in this situation, it might be important for investors to figure out if it could be an opportunity to get into the Mer Telemanagement stock.

On Tuesday, the company finally completed its long awaited merger with the American company SharpLink Inc and it goes without saying that it is a significant development for the company.

Following the merger, the new entity is going to be known as SharpLink Gaming Ltd and is going to be headed by Robert Phythian in the capacity of the Chief Executive Officer. However, in this regard, it is also necessary to point out that before the merger transaction was closed SharpLink had concluded a private placement worth as much as $6 million with an institutional investor.

It should be noted that the institutional investor in question was already an investors in SharpLink. The continued fall in the Mer Telemanagement stock may be quite alarming but it is now going to be interesting to note if it can recover today following the completion of the merger.

Market Reaction:

On Tuesday, MTSL stock slid 0.88% at $3.37 with more than 728K shares, compared to its average volume of 2.84 million shares. The stock has moved within a range of $3.1900 – 3.5700 after opening the trade at $3.26. Over the past 52-week, the stock has been trading within a range of $1.0100 – 8.9400.