OTC Markets Group has announced the top-performing companies on the OTCQX exchange. Here are the five tech companies on the list.
Home to 10,000 US and global securities, OTCQX Best 50 is an annual ranking of the top 50 US and international companies traded on the OTCX Best Market.
OTC ranks the companies based on an equal weighting of average daily dollar volume growth and one-year total return. The top 50 companies traded an aggregate US$19.3 billion in dollar volume in 2018 while delivering an average total return of 21 percent.
The group picked the companies on the top 50 list based on a few requirements, including having to be traded on the OTCQX and having a closing share price of US$0.25 or above as of December 31, 2018. Further, these companies should have had a positive total annual returns and traded equal or over US$500,000 in volume in 2018.
Below, the Investing News Network (INN) profiles the five top companies in the tech space which made the 2019 OTCQX Best 50 list. Read on for more on these companies,
1. Patriot One Technologies (OTCQX:PTOTF)
Patriot One Technologies, which has developed PATSCAN, an advanced software and sensor solution for the detection of weapon threats, has emerged as the best performing tech stock on the OTCQX.
Patriot One has been listed on the OTCQX since February 2018. In January 2019, the company announced its acquisition of EhEye, a company that has developed video recognition software. Further, Patriot One said that it will be active with paid trial deployments in the first quarter of 2019.
2. GreenPower Motor Company (OTCQX:GPVRF)
GreenPower is engaged in the design, build and distribution of full suite of high floor and low floor vehicles including buses for transit, schools, shuttles and a double decker.
The company began listing on the OTCQX in March 2017. GreenPower announced in January 2019 that it received order for two EV star all electric Min-eBuses from San Diego Airport Parking Company.
3. Computer Services (OTCQX:CVSI)
Computer Services has been listed on the OTCQX since March 2007, and is focused on delivering core processing, managed services, digital banking and regulatory compliance solutions to financial institutions and corporate customers.
In January 2019, the company reported its revenues for the third quarter where it announced that its revenues rose 10.8 percent as compared to prior year quarter. CSI reported revenues of US$67.6 million as compared to US$61 million in the same quarter in 2018. Further, the company said that its net income increased 47 percent to US$11.4 million.
4. Stereotaxis (OTCQX:STXS)
Stereotaxis is a healthcare technology company and is a pioneer of the robotic cardiology instrument navigation systems that are designed to enhance the treatment of arrhythmias and coronary diseases.
The company, which has been trading on OTCQX since August 2016, announced in January 2019 a partnership with Kansas City Heart Rhythm Institute to bring new treatments to arrhythmia patients.
Deutsche Telekom, a telecommunication companies with 168 million customers, 28 million fixed-network lines and 19 million broadband lines, has been a member of OTCQX since June 2010.
The company has its operations in 50 countries across the world and in November 2018 reported its third quarter revenues where it revealed that its revenues rose 4.7 percent to 19.1 billion euros. Deutsche Telekom said that its operations in Europe has gained momentum while and that all of its operating segments have contributed to its growth.
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Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.