MICT (NASDAQ:MICT) Shares Cross Below 200 Day Moving Average of $0.86

MICT Inc (NASDAQ:MICT)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.86 and traded as low as $0.50. MICT shares last traded at $0.60, with a volume of 1,210 shares trading hands.

The stock has a 50-day simple moving average of $0.59 and a 200-day simple moving average of $0.85.

MICT (NASDAQ:MICT) last released its earnings results on Wednesday, August 14th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter. MICT had a negative net margin of 30.88% and a negative return on equity of 724.82%.

An institutional investor recently raised its position in MICT stock. Lakeview Capital Partners LLC raised its holdings in MICT Inc (NASDAQ:MICT) by 82.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,700 shares of the aerospace company’s stock after acquiring an additional 103,600 shares during the period. Lakeview Capital Partners LLC owned about 2.08% of MICT worth $174,000 at the end of the most recent quarter. 4.47% of the stock is owned by institutional investors.

MICT Company Profile (NASDAQ:MICT)

MICT, Inc designs, develops, manufactures, and sells rugged mobile computing devices comprising tablets and on-board-computers that provide fleet operators and field workforces with computing solutions for challenging work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions.

Read More: Management Fee

Receive News & Ratings for MICT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MICT and related companies with MarketBeat.com's FREE daily email newsletter.