The price of Labor SMART (OTCMKTS: LTNC) dropped 1% to $0.0101, with 73.31 million shares traded on Friday, significantly lower than the daily average volume of 118.22 million shares. After opening at $0.0098, it moved within the $0.0095 to $0.0105 range as compared to the 52-week trading range of $0.0000 and $0.0875.
Labor SMART is a blue-collar staffing services company that provides on-demand staff. The decline in price appears to have taken place despite the absence of any news about the company. In such a scenario, it might be worthwhile looking at developments in the past, which might provide some indications and enable investors to form and firm up their views on what the future of the stock might look like.
The completion of the takeover of Takeover Industries Inc. had been announced by Labor SMART in February this year, initially through Twitter on Sunday, the 28th of February. Takeover Industries operating as a fully owned subsidiary is what has been announced. 6.8 billion common stock shares were issued by Labor Smart for concluding the transaction. This lot of shares issued are restricted for a duration of 12 months.
This acquisition appears to be an attempt by Labor Smart to diversify its portfolio. It is known that Takeover Industries is a beverage company. It must be noted that at acquisition time, no revenues had been generated by the acquired company.
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Labor Smart Inc.
Labor SMART offers general laborers upon demand at light industries including manufacturing logistics and warehousing. The company was founded at 31 May 2011 by Christopher Ryan Schadel. Its HQ is at Powder Springs GA. It provides skilled workers for trade companies the general laborers.
How was Labor Smart’s earnings last quarter?
Labor Smart reported $0.04 EPS earnings for the quarter. The firm received a total of 6.85 million in profits. Labor Safe reported quarterly earnings which were negative -1.4 per share. It is gaining 1.4 percent of its share price as of December 30 and was recorded with a price target from a Reuters report to. Labor Smart has done some earnings pa with respect to his past.
Who are Labor Smart’s key competitors?
Some companies related to Labor Smart include Impellam Group (IPEL) and Staffline Group (STAF), Caldwell Partners International (CWL), Empresaria Group (EM. All competitor companies to LTNC are listed at [link] Find the information that the company offers about Labor smart to go visit a link from a link.
According to the World Health Organization, the stocks trading at 0.0001 were affected when Coronavirus reached epidemic status. The LTNC stock has recently risen by 8300.0% and is now trading at $0.0084. Show the stocks affected in CoVID-19.
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