The Vanguard Group, Inc. recently announced the acquisition of new stake in Moving iMage Technologies Inc. (AMEX:MITQ). The institutional investor has increased its shareholding in the Technology company by 46.91% to 0.16 million shares with purchase of 50249.0 shares. This fresh investment now brings its stake to 1.44% valued currently at $0.18 million. In addition, Renaissance Technologies LLC raised its holdings by 1200.0 to 51000.0 shares.
With over 96414.0 Moving iMage Technologies Inc. (MITQ) shares trading Tuesday and a closing price of $1.23 on the day, the dollar volume was approximately $0.12 million. The shares have shown a positive half year performance of 5.69% and its price on 01/24/23 gained nearly 3.90%. Currently, there are 10.93M common shares owned by the public and among those 7.57M shares have been available to trade.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 151,700 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Moving iMage Technologies Inc. are Vanguard Total Stock Market Index, Fidelity Extended Market Index Fu, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.13 million shares of the company’s stock, all valued at over $0.15 million. Vanguard Extended Market Index Fu bought 304.0 shares to bring its total holdings to over 29025.0 shares at a value of $33379.0. Vanguard Extended Market Index Fu now owns shares totaling to 0.27% of the shares outstanding.
Shares of Moving iMage Technologies Inc. (AMEX: MITQ) opened at $1.19, up $0.01 from a prior closing price of $1.18. However, the script later moved the day high at 1.2500, up 3.90%. The company’s stock has a 5-day price change of 3.03% and 9.19% over the past three months. MITQ shares are trading 6.61% year to date (YTD), with the 12-month market performance down to -6.41% lower. It has a 12-month low price of $0.82 and touched a high of $2.15 over the same period. MITQ has an average intraday trading volume of 62.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.33%, 9.21%, and 2.30% respectively.
Institutional ownership of Moving iMage Technologies Inc. (AMEX: MITQ) shares accounts for 3.30% of the company’s 10.93M shares outstanding. Mutual fund holders own 2.29%, while other institutional holders and individual stakeholders account for 6.39% and 0.97% respectively.
It has a market capitalization of $13.31M. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.29% over the week and 7.55% over the month.