Itex (OTCMKTS:ITEX) Shares Down 5% – Time to Sell?

Itex Corp. (OTCMKTS:ITEX) shares traded down 5% on Thursday . The stock traded as low as $2.85 and last traded at $2.85. 101 shares traded hands during mid-day trading, The stock had previously closed at $3.00.

Itex Price Performance

The firm’s fifty day moving average price is $2.88 and its 200-day moving average price is $2.86.

About Itex

ITEX Corporation operates a barter-based exchange platform that enables businesses to trade goods and services using an alternative currency called ITEX Trade Dollars. By matching buyers and sellers through its proprietary network, the company helps members conserve cash, improve cash flow and clear excess inventory without traditional financial outlays.

The company’s core offering revolves around its ITEX Trade Marketplace, where participating businesses can post trade opportunities and fulfill needs across a wide range of categories, including office supplies, marketing services, professional consulting and maintenance.