Moving iMage Technologies (NYSEAMERICAN:MITQ) Stock Falls 3% – Here’s Why

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) fell 3% on Monday. The stock traded as low as $0.5133 and last traded at $0.53. Approximately 105,528 shares were traded during mid-day trading, a decline of 40% from the average session volume of 174,559 shares. The stock had previously closed at $0.5463.

Moving iMage Technologies Price Performance

The stock has a fifty day moving average price of $0.58 and a two-hundred day moving average price of $0.59. The company has a market cap of $5.38 million, a P/E ratio of -18.03 and a beta of 0.72.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last released its quarterly earnings results on Monday, September 28th. The company reported ($0.03) EPS for the quarter. Moving iMage Technologies had a negative net margin of 1.72% and a negative return on equity of 5.98%. The company had revenue of $4.55 million during the quarter.

About Moving iMage Technologies

Moving iMage Technologies, Inc (NYSE American: MITQ) provides equipment, technology and services for the motion-picture exhibition industry. The company works with movie theater operators, developers and other entertainment venues on the design, installation and support of cinema systems and auditorium infrastructure.

Its offerings include digital cinema projection equipment, screens, sound systems, theater seating, cinema automation, digital signage, ticketing and point-of-sale systems, and concession-related equipment.