Moving iMage Technologies (NYSEAMERICAN:MITQ) Shares Down 6.8%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ)’s share price fell 6.8% on Friday . The company traded as low as $0.52 and last traded at $0.59. 105,516 shares traded hands during mid-day trading, an increase of 179% from the average session volume of 37,800 shares. The stock had previously closed at $0.63.

Moving iMage Technologies Stock Down 6.8 %

The company has a market cap of $6.16 million, a price-to-earnings ratio of -3.10 and a beta of 0.32.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its earnings results on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $3.27 million for the quarter. Moving iMage Technologies had a negative return on equity of 13.91% and a negative net margin of 10.84%.

Hedge Funds Weigh In On Moving iMage Technologies

A hedge fund recently raised its stake in Moving iMage Technologies stock. Renaissance Technologies LLC raised its stake in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) by 40.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,600 shares of the company’s stock after acquiring an additional 12,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.39% of Moving iMage Technologies worth $43,000 at the end of the most recent quarter. 2.23% of the stock is currently owned by institutional investors and hedge funds.

About Moving iMage Technologies

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.