United Treatment Centers Inc (OTCMKTS:UTRM) has been up and down this year but retains 50% gain since the start of this year. The company has also had its fair share of challenges this year including the trespass on its website. If the company succeeds in its marijuana news project, investors can expect big lifts in the stock.
How are market trends affecting UTRM? Find out here!
Data breach
United Treatment Centers Inc (OTCMKTS:UTRM) recently suffered a severe breach on its site where by the company’s sensitive information such as revenue sources, media content and ad sources were compromised. However, the company is rebuilding the systems and hopes to correct the mess. It is also working to trace the attack for possible procession of the trespassers.
United Treatment Centers Inc (OTCMKTS:UTRM) is plays in the cannabis industry where it provides news and content 24/7. The company employs various technologies including video broadcast to broaden its network, according to Equities Focus.
Cannabis industry
Medical marijuana is a budding industry and expects expect it to be a multi-billion dollar industry in the next few years. Some analysts estimate that the industry could rake in nearly $6 billion to the U.S. economy by 2018 and as much as $10 billion or more by 2020.
Opportunities in the industry are expanding rapidly, especially in the U.S. where 23 states have already tweaked their laws to legalize possession and trading in cannabis. However, federal laws still have a ban on handling of marijuana for medical or creational application. Canada has also legalized cannabis and growers there are already taking to the Internet to promote their brands.
As marijuana industry expands, players need to get information about their activities out there and that is where United Treatment Centers Inc (OTCMKTS:UTRM) comes in. The company’s news and information network has a global presence, giving it an opportunity to quickly increase its revenue in the nascent cannabis industry.
The company disclosed revenue of $145,000 in 2013 and revealed total assets worth $21,000. Its total liabilities in the year stood at $780,000.
No recent stock promotion have been cited in United Treatment Centers Inc (OTCMKTS:UTRM).
Technical Analysis
Price and volume action was seen in United Treatment Centers Inc (OTCMKTS:UTRM) in yesterday’s trading session, most of the action was tilted towards negative side. United Treatment Centers Inc (OTCMKTS:UTRM) is currently trading below its 20-Day EMA of $0.0004 and RSI of 41.71. Going forward the stock needs to consolidate before making any up or down move.
