Are Analysts Too Bullish On Moving iMage Technologies Inc (MITQ)

Moving iMage Technologies Inc (AMEX:MITQ) currently has a daily average trading volume of 60.94K but it saw 83152374 shares traded in last market. With a market cap of 7.34M USD, the company’s current market price of $0.74 came rising about 3.04 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.44 and as low as $0.42. In the recent trading on the day, stock has struck highest price mark of $0.735 while lowest mark touched by it was $1.55.

Taking a look at 20-day trading activity of Moving iMage Technologies Inc (MITQ) gives us an average price of $0.6987, while its current price level is -48.47% below from 52-week high level whereas it is 76.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6600 while that of 200 days or SMA-200 reads an average of $0.6033. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.71% during that period while stretching the period over a month that decreases to 15.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.64 which implies that the stock is in neutral territory.

Over the week, MITQ’s stock price is moving -4.88% down while it is 11.24% when we observe its performance for the past one month. Year-to-date it is 14.15% up and over the past year, the stock is showing a downside performance of -15.68%.

Currently, Moving iMage Technologies Inc’s total number of outstanding shares is 9.90M. Company’s return on investment (ROI) stands at -27.77% and return on equity (ROE) at -26.78%. Stock’s beta reads 0.33. Stock has a price to book (P/B) ratio of 1.29 while price to sale or P/S ratio amounts to 0.39. Its return on asset (ROA) is -14.67% on average.