Shares of Integrated Media Technology Limited (NASDAQ:IMTE – Get Rating) shot up 18% during mid-day trading on Friday . The stock traded as high as $0.45 and last traded at $0.40. 458,726 shares changed hands during trading, an increase of 307% from the average session volume of 112,640 shares. The stock had previously closed at $0.34.
Integrated Media Technology Stock Performance
The firm has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.62.
Get Integrated Media Technology alerts:Hedge Funds Weigh In On Integrated Media Technology
Hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Integrated Media Technology during the 1st quarter valued at $361,000. Renaissance Technologies LLC boosted its stake in shares of Integrated Media Technology by 7.1% during the 4th 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 during the 2nd quarter worth $86,000. Finally, UBS Group AG bought a new stake in shares of Integrated Media Technology during the 2nd quarter worth $28,000. 4.20% of the stock is currently owned by institutional investors and hedge funds.
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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