The Artificial Intelligence Technology Solutions (OTC: AITX) stock seemed to be on the path to recovery this past Friday.
The stock jumped by as much as 25% on Friday, but at the same time, it should be noted that it is not necessarily a cause for fresh optimism. The Artificial Intelligence Technology Solutions stock hit its highest level in 52 weeks two months ago but since then it has declined by 80%.
The stock might have rallied last week on the back of an announcement from the company with regards to its fully owned subsidiary company Robotic Assistance Devices. It was announced that Robotic Assistance produced a study that was focused on the company’s own client Midway Car Rental. Midway Car Rental is the biggest car rental company in Southern California that is owned independently. The study specified how the use of Robotic Assistance’s ROSA devices had a positive and immediate effect on the safety situation at the showrooms as well as lots owned by Midway Car Rental.