Color Star Technology Co., Ltd. (NASDAQ:HHT) spotted trading -67.19% off 52-week high price. On the other end, the stock has been noted 369.00% away from the low price over the last 52-weeks. The stock changed -5.19% to recent value of $1.46. The stock transacted 1567233 shares during most recent day however it has an average volume of 4.31M shares. The company has 28.85M of outstanding shares and 5.00M shares were floated in the market.
On July 24, 2020, Color Star Technology Co., Ltd. (NASDAQ:HHT) a company engaged in the business of providing education services, revealed that its wholly owned subsidiary, Color China Entertainment Limited (Color China) has signed a Cooperation Framework Agreement with Hong Kong’s renowned tourbillon watch brand Memorigin. We plan on jointly designing, producing and selling customized watches themed after our Star Teachers as part of the peripheral products which we plan on selling exclusively on Color World, our developing online education platform.
Memorigin is a brand owned by Memorigin Watch Co., Ltd., and is the first watch brand in Hong Kong to produce only tourbillon watches. Memorigin’s watches feature the merging of oriental sculpting techniques with the western art of watchmaking, creating tourbillon watches with a strong Hong Kong cultural character and is a blend of oriental and western cultures. Memorigin tourbillon watches have been certified as world class quality in time accuracy and water poof tests by Mr. Ogawa Satoshi Yukari of Watch Repair Master, a famous watch repair center in Osaka, Japan. The high quality to price ratio of Memorigin tourbillon watches has greatly strengthened its market penetration capabilities. The brand’s Chinese name Wan Xi Quan refers to the source of hope for all people. The English name Memorigin is a combination of two words, memory and original, symbolizing that their tourbillon watches not only record time, but also witnesses the significant moments in one’s life, celebrating and memorizing the everlasting memories.
The price moved ahead of 30.99% from the mean of 20 days, 88.71% from mean of 50 days SMA and performed 20.39% from mean of 200 days price. Company’s performance for the week was -16.09%, 72.54% for month and YTD performance remained 0.80%.