Beamr Imaging (NASDAQ:BMR) Trading 5.8% Higher – Time to Buy?

Beamr Imaging Ltd. (NASDAQ:BMR)’s share price shot up 5.8% during mid-day trading on Thursday . The company traded as high as $2.99 and last traded at $2.90. 133,115 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 503,926 shares. The stock had previously closed at $2.74.

Beamr Imaging Trading Up 5.8%

The firm’s fifty day simple moving average is $2.45 and its 200 day simple moving average is $3.05.

Institutional Trading of Beamr Imaging

An institutional investor recently bought a new position in Beamr Imaging stock. Cubist Systematic Strategies LLC bought a new stake in Beamr Imaging Ltd. (NASDAQ:BMR) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 38,400 shares of the company’s stock, valued at approximately $84,000. Cubist Systematic Strategies LLC owned about 0.30% of Beamr Imaging at the end of the most recent reporting period. 0.71% of the stock is owned by institutional investors and hedge funds.

Beamr Imaging Company Profile

Beamr Imaging Ltd. provides video encoding, transcoding, and optimization solutions in the United States, Israel, and internationally. It offers a suite of video compression software encoder solutions, including Beamr 4 H.264, Beamr 4X H.264 content adaptive, Beamr 5 HEVC, and Beamr 5X HEVC content adaptive encoders; Beamr JPEGmini photo optimization software solutions for reducing joint photographic experts group file sizes; and Beamr Silicon IP block, a hardware solution for integration into dedicated video encoding application-specific integrated circuits, graphics processing units, and application processors.