Infinite Group (OTCMKTS:IMCI) Stock Passes Below 50-Day Moving Average – Here’s Why

Infinite Group Inc. (OTCMKTS:IMCI)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.18 and traded as low as $0.0450. Infinite Group shares last traded at $0.0450, with a volume of 266 shares trading hands.

Infinite Group Stock Down 26.2%

The firm has a market capitalization of $24,750.00, a PE ratio of -0.01 and a beta of -189.15. The business’s fifty day moving average price is $0.18 and its 200 day moving average price is $0.06.

Infinite Group (OTCMKTS:IMCI) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($1.28) EPS for the quarter. The firm had revenue of $0.83 million for the quarter.

Infinite Group Company Profile

Infinite Group, Inc develops cybersecurity software in the United States. The company offers Nodeware, a patented software-as-a-service solution that automates network asset identification, and cybersecurity vulnerability management and monitoring; and distributes Webroot, a cloud-based endpoint security platform solution. It also provides cybersecurity consulting services that include incident response, security awareness training, risk management, IT governance and compliance, security assessment, and penetration testing offerings to channel partners and direct customers for various vertical markets, such as banking, manufacturing, supply chain, and technology.