COPsync Inc. (COYN) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of COYN have tacked on 8.13% to $0.93 after closing the day prior at $0.86. In the first two and a half hours of trading, the stock has gone as high as $0.93 and as low as $0.86. Today’s rise has come with about 1,653 shares changing hands, compared to an average 30-day volume of 59,483 for COPsync Inc.. The price is currently below the 30-day volume weighted average price of $0.91 for COYN.
The share appreciation gives the company a market capitalization of $7.65 million based upon 8.89 million shares outstanding. It also means that COYN has a price-to-book ratio of 6.93:1.
In the past 52 weeks, shares of COYN have traded as low as $0.75 and as high as $8.975. Technical traders will take note that at $0.93, shares of COYN are trading below their 200-day MA at $1.64 and below their 50-day MA at $1.28. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is COYN?
COPsync Inc operates law enforcement mobile data information system in the United States. It refers to this real-time, in-car information sharing, communication and data interoperability network as The COPsync Network. The company’s 48 employees are led by CEO Ronald A. Woessner from the corporate headquarters at 16415 Addison Road in Addison, TX.
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