Beamr Imaging (NASDAQ:BMR) Shares Down 1.3% – Here’s What Happened

Shares of Beamr Imaging Ltd. (NASDAQ:BMRGet Free Report) fell 1.3% during trading on Thursday . The company traded as low as $2.89 and last traded at $3.01. 284,983 shares traded hands during trading, a decline of 14% from the average session volume of 331,560 shares. The stock had previously closed at $3.05.

Beamr Imaging Stock Performance

The stock’s 50 day moving average is $3.85 and its 200 day moving average is $3.55.

Beamr Imaging Company Profile

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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.

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