Moving iMage Technologies (NYSEAMERICAN:MITQ) Trading Down 4.2% – Should You Sell?

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

Moving iMage Technologies Price Performance

The firm’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.79. The firm has a market capitalization of $6.44 million, a P/E ratio of -16.19 and a beta of 0.50.

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

Institutional Investors Weigh In On Moving iMage Technologies

An institutional investor recently bought a new position in Moving iMage Technologies stock. Citadel Advisors LLC purchased a new position in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,570 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned approximately 0.36% of Moving iMage Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Company Profile

Moving iMage Technologies, Inc, trading on the NYSE American under the symbol MITQ, designs, manufactures and integrates digital signage solutions for a wide range of industries. The company’s core offerings encompass both hardware and software platforms that support high-definition displays, interactive kiosks and touchscreen environments. Moving iMage’s systems are engineered to deliver dynamic content, remote monitoring and scalable network deployment to meet evolving customer needs.

Its product lineup includes commercial-grade LCD and LED displays, media players, digital signage enclosures and interactive touchscreen modules.