Is Moving iMage Technologies Inc (AMEX: MITQ) a smart move or a risky gamble for your portfolio?

In the latest trading session, 0.61 million Moving iMage Technologies Inc (AMEX:MITQ) shares changed hands as the company’s beta touched 0.07. With the company’s most recent per share price at $0.63 changed hands at -$0.13 or -17.11% at last look, the market valuation stands at $6.23M. MITQ’s current price is a discount, trading about -146.03% off its 52-week high of $1.55. The share price had its 52-week low at $0.42, which suggests the last value was 33.33% up since then. When we look at Moving iMage Technologies Inc’s average trading volume, we note the 10-day average is 0.35 million shares, with the 3-month average coming to 1.55 million.

Moving iMage Technologies Inc (AMEX:MITQ) trade information

Instantly MITQ was in red as seen in intraday trades today. With action 0.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -3.08%, with the 5-day performance at 0.80% in the green. However, in the 30-day time frame, Moving iMage Technologies Inc (AMEX:MITQ) is 18.85% up. Looking at the short shares, we see there were 8011.0 shares sold at short interest cover period of 0.19 days.

Moving iMage Technologies Inc (AMEX:MITQ)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 35.48% of Moving iMage Technologies Inc shares while 1.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.01%. There are 1.94% institutions holding the Moving iMage Technologies Inc stock share, with GEODE CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 0.4838% of the shares, roughly 50488.0 MITQ shares worth $31422.0.

RENAISSANCE TECHNOLOGIES LLC holds the second largest percentage of outstanding shares, with 0.3392% or 35400.0 shares worth $22033.0 as of 2024-06-30.

Among Mutual Funds, the top two as of Feb 28, 2025 were Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and Bridgeway Funds, Inc.-Ultra-Small Company Market Fund. With 39.86 shares estimated at $27502.0 under it, the former controlled 0.40% of total outstanding shares. On the other hand, Bridgeway Funds, Inc.-Ultra-Small Company Market Fund held about 0.13% of the shares, roughly 13.1 shares worth around $9038.0.