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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) dropped 6.8% during trading on Friday . The stock traded as low as $0.52 and last traded at $0.59. Approximately 105,516 shares traded hands during trading, an increase of 179% from the average daily volume of 37,800 shares. The stock had previously closed at $0.63.

Moving iMage Technologies Trading Down 6.8 %

The company has a market capitalization of $6.16 million, a P/E ratio of -3.10 and a beta of 0.32.

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

Institutional Trading of Moving iMage Technologies

A hedge fund recently raised its stake in Moving iMage Technologies stock. Vanguard Group Inc. lifted its position in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) by 21.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,388 shares of the company’s stock after acquiring an additional 13,835 shares during the quarter. Vanguard Group Inc. owned 0.74% of Moving iMage Technologies worth $98,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.23% of the company’s stock.

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.