Beamr Imaging (NASDAQ:BMR) Trading Up 1.6% – Still a Buy?

Beamr Imaging Ltd. (NASDAQ:BMR) was up 1.6% during trading on Friday . The stock traded as high as $1.99 and last traded at $1.95. Approximately 88,792 shares were traded during trading, a decline of 40% from the average daily volume of 146,812 shares. The stock had previously closed at $1.92.

Beamr Imaging Trading Up 1.6%

The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.93.

Beamr Imaging (NASDAQ:BMR) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter. The company had revenue of $1.01 million during the quarter.

Institutional Trading of Beamr Imaging

Several institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP raised its stake in Beamr Imaging by 15.2% in the third quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock valued at $176,000 after buying an additional 7,600 shares during the period. Two Sigma Investments LP bought a new stake in Beamr Imaging in the third quarter valued at approximately $33,000. Renaissance Technologies LLC raised its stake in Beamr Imaging by 56.2% in the fourth quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock valued at $65,000 after buying an additional 15,000 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Beamr Imaging in the first quarter valued at approximately $84,000. Institutional investors own 0.71% of the company’s stock.

Beamr Imaging Company Profile

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.