mCloud Technologies (NASDAQ:MCLDP) Shares Down 12.6%

Shares of mCloud Technologies Corp. (NASDAQ:MCLDP – Get Rating) were down 12.6% on Wednesday . The stock traded as low as $25.50 and last traded at $25.50. Approximately 100 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 340 shares. The stock had previously closed at $29.16.

mCloud Technologies Price Performance

The business’s 50-day moving average price is $28.73.

mCloud Technologies Company Profile

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mCloud Technologies Corp., a technology company, provides asset management platform solutions combining IoT, artificial intelligence (AI), and cloud in North America, the Asia-Pacific, Europe, the Middle East, Africa, Australia, and China. Its AI-powered AssetCare platform offers asset management solutions, such as Connected Buildings, an AI and analytics solution to automate and remotely manage commercial buildings; Connected Workers, a cloud software to assist workers in the field to stay connected to experts remotely, facilitate repairs, and provide workers with an AI-powered digital assistant; Connected Energy for the inspection of wind turbine blades using AI-powered computer vision and the deployment of analytics to maximize wind farm energy production yield and availability; Connected Industry, to process assets and control endpoint monitoring, equipment health, and asset inventory management, as well as for the management of change across distributed teams; and Connected Health, which includes remote health monitoring and connectivity to caregivers using mobile apps and wireless sensors.