Shares of Integrated Media Technology Limited (NASDAQ:IMTE – Get Rating) dropped 7% on Thursday . The company traded as low as $0.38 and last traded at $0.38. Approximately 113,087 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 116,935 shares. The stock had previously closed at $0.41.

Integrated Media Technology Stock Down 7.0 %

The stock has a 50 day moving average price of $0.59 and a 200 day moving average price of $0.67.

Institutional Trading of Integrated Media Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMTE. Renaissance Technologies LLC lifted its position in shares of Integrated Media Technology by 7.1% during the fourth quarter. Renaissance Technologies LLC now owns 212,656 shares of the company's stock worth $146,000 after acquiring an additional 14,190 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Integrated Media Technology in the second quarter worth about $86,000. Virtu Financial LLC bought a new stake in shares of Integrated Media Technology in the first quarter worth about $361,000. Finally, UBS Group AG bought a new stake in shares of Integrated Media Technology in the second quarter worth about $28,000. 4.20% of the stock is owned by institutional investors.

About Integrated Media Technology

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Integrated Media Technology Ltd. is a technology investment, product development and distribution company. It engages in developing, manufacturing and distributing of 3-dimension display equipment and wholesales audio products. The firm focuses on the business activities in the sale and distribution of autostereoscopic 3D display, 3D conversion equipment and software, development and sale of 3D autostereoscopic technology and provision of 3D consultancy services.

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