Moving iMage Technologies (NYSEAMERICAN:MITQ) Stock Price Up 6% – Should You Buy?

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQGet Free Report) rose 6% during mid-day trading on Wednesday . The stock traded as high as $0.7990 and last traded at $0.7693. Approximately 68,939 shares were traded during trading, a decline of 6% from the average daily volume of 73,052 shares. The stock had previously closed at $0.7260.

Moving iMage Technologies Stock Performance

The firm has a market capitalization of $7.88 million, a price-to-earnings ratio of -19.81 and a beta of 0.49. The business’s 50 day moving average is $0.89 and its 200-day moving average is $0.78.

Moving iMage Technologies (NYSEAMERICAN:MITQGet Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $5.58 million during the quarter. Moving iMage Technologies had a negative net margin of 2.24% and a negative return on equity of 8.11%.

Institutional Trading of Moving iMage Technologies

An institutional investor recently bought a new position in Moving iMage Technologies stock. Citadel Advisors LLC purchased a new position in shares of Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,570 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned about 0.36% of Moving iMage Technologies as of its most recent SEC filing. 2.23% of the stock is owned by institutional investors and hedge funds.

Moving iMage Technologies Company Profile

(Get Free Report)

Moving iMage Technologies, Inc designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. The company provides automation, pedestal, projection pod, and power management systems; and in-house designed and assembled lighting products and dimmers, as well as distributes digital cinema projectors and servers.

Further Reading

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