Moving iMage Technologies (NYSEAMERICAN:MITQ) Trading Down 4.2% – What’s Next?

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was down 4.2% during trading on Thursday . The company traded as low as $0.6405 and last traded at $0.6416. Approximately 40,266 shares traded hands during trading, a decline of 23% from the average daily volume of 51,972 shares. The stock had previously closed at $0.67.

Moving iMage Technologies Stock Performance

The stock has a 50 day moving average of $0.79 and a two-hundred day moving average of $0.79. The firm has a market capitalization of $6.38 million, a P/E ratio of -16.04 and a beta of 0.50.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moving iMage Technologies stock. Citadel Advisors LLC purchased a new stake in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. 2.23% of the stock is owned by hedge funds and other institutional investors.

Moving iMage Technologies Company Profile

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.