MassRoots (OTCMKTS:MSRT) Trading Down 2.2% – Here’s What Happened

MassRoots, Inc. (OTCMKTS:MSRTGet Free Report)’s stock price was down 2.2% during mid-day trading on Tuesday . The stock traded as low as $2.9542 and last traded at $3.07. 8,737 shares traded hands during trading, a decline of 99% from the average daily volume of 1,063,234 shares. The stock had previously closed at $3.14.

MassRoots Stock Down 2.2%

The firm’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $4.03. The company has a market cap of $1.53 billion, a PE ratio of 307.00 and a beta of 2.45.

MassRoots Company Profile

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MassRoots, Inc is a U.S.-based technology company that serves the regulated cannabis industry through a consumer-focused social networking platform. The company’s flagship mobile application enables cannabis users to discover and share information about strains, dispensaries and related products. Through user-generated reviews, photos and geotagging, MassRoots provides a community forum where enthusiasts, brands and retailers can engage in an age-restricted digital environment tailored to the evolving legal cannabis market.

In addition to its consumer app, MassRoots has expanded into the business-to-business segment with software solutions designed for dispensaries and cannabis growers.

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