Positron Corp. (OTC: POSC) Stock Turns Lower Despite Partnering With Upbeat Cardiology Solutions
Investors are today most likely to look into some of the notable gains made by stocks on Thursday, and one of the stocks that may come into focus is that of Positron Corp. (OTC: POSC). The stock experienced strong action yesterday and ended up with gains of 15%.
New Agreement
The company came into strong focus among investors yesterday after it announced the signing of a new agreement with Upbeat Cardiology Solutions. As per the terms of the agreement, Positron would supply Upbeat with its PET-CT Systems and Services.
In the news release, the company noted that thanks to agreement, cardiology practices would be backed by leading imaging technology and turnkey solutions. That would help make PET-CT adoption easier and lead to unmatched results for patients.
Further Information
It was also noted that Upbeat was involved in providing a full-service offering meant for private practices so they could move into PET-CT imaging. Some of the services provided by Upbeat include installation, isotope supply, staff training, and equipment acquisition.
Hence, it was a major new development for Positron, and there was significant optimism about the wider possibilities of the deal. It remains to be seen if the stock continues to gain today or not.
Key Quote
“Upbeat Cardiology Solutions excels in integrating advanced nuclear cardiology technology into practices, and this collaboration is a strategic step forward in broadening access to our PET-CT technology and clinical services for all cardiology practices,” said Adel Abdullah, President of Positron Corporation. “Our NeuSight PET-CT 64 slice is an ideal solution to meet the rising demand for superior diagnostic tools in cardiac imaging. With Upbeat’s robust logistics and support services, we’re empowering practices to enhance patient care while optimizing their operations.”
Technicals
| +/- EMA(20) | 1 (+0.00%) |
| +/- SMA(50) | 1 (+0.00%) |
| +/- SMA(200) | 1.14 (-12.28%) |
| 5-Day Perf. | -4.76% |
| 1-Month Perf. | +6.38% |
| 3-Month Perf. | +1.01% |
| 6-Month Perf. | -14.53% |
| YTD Perf. | -36.31% |
| 1-Year Perf. | -0.99% |
| RSI(14) | 49.85 |
| ATR(14) | 0.07 |
| ADX(14) | 38.58 |
