In the premarket trading session, we found out that (PCYG) stock was surging by 7.53% to trade at the price of $5.71 at the last check. Previously closed session of PCYG stock gained 1.72% at $5.31. The PCYG stock volume traded 49756.0 shares with the average daily volume of shares being 0.11 million within the past 50 days. In the last year, up-to-date PCYG stock jumped by 40.48%, and in the past week shares moved down by -3.80%. In the past three and six months, the stock has shed -4.67% and added 1.53%. Furthermore, Park City Group is currently valued in the market at $101.69 million and has outstanding shares at 19.55 million.
About Park City Group Inc.
Park City Group Inc. is a SaaS company that specifically focuses on designing, developing, and providing marketing software products. The company has its base of operations and market targeted for North America mainly and internationally as well. The company has its own proprietary software known as ReposiTrakMarketPlace, which is a solution created for B2B e-commerce as well as a supplier discovery solution. Furthermore, the company also has software that reduces potential regulatory and legal risk in supply chain operations known as ReposiTrak Supply Compliance and Food Safety Solutions. The company has understood the need for a platform where the suppliers can be connected and communicate with their customers thus PCYG stock created ReposiTrakSupplyChain Solutions just for this very purpose. There is a lot of marketing, business operations related to other software that the company has created for its clients. Furthermore, there is a business consultation and professional consultation service that PCYG stock provides specifically for the suppliers, retailers, convenience stores, and specialty retail industries. The client base and the customers it draws towards itself are multi-store retail chains, wholesalers, suppliers as well as distributors. The headquarter of the company is based in Murray, Utah.
The FDA’s Food Safety Modernization Act is giving a challenge to the food industry but PCYG has figured out a guideline
The Food Safety Modernization Act is giving a tough time to the retail food industry as well as its supply chain networks and partners. The FSMA was signed on 4th June 2011 by Barack Obama and has been handed over to the Food and Drug Authority in the USA which gives it more regulatory power and authority over how food is produced, manufactured, sold, and traced. The ReposiTrak Inc. is considered to be a world leader in the supply chain industry and as such has collaborated with the Food Traceability Leadership Consortium (FTLC) in order to discover solutions for the food industry. These solutions are focused on being optimal for the traceability challenge presented by the FDA’s FSMA and is suggested to be based on three critical guidelines. These guidelines include that the solution made should be easily adopted, should have minimal cost so that it may not impede on the marginal prices and profits, and should meet or exceed the regulations set up by the FDA.
The main agents in the food industry that face problems with traceability are supply chain, retailer, and wholesale distribution for the stores. ReposiTrak Inc. can make a great impact while providing support to FTLC due to its wide user network of over 100,000 facilities.
