QT Imaging (NASDAQ:QTI) Trading Up 14.6% – Here’s Why

QT Imaging Holdings, Inc. (NASDAQ:QTI) shares shot up 14.6% during trading on Wednesday . The company traded as high as $0.56 and last traded at $0.55. 500,700 shares changed hands during trading, an increase of 46% from the average session volume of 341,845 shares. The stock had previously closed at $0.48.

QT Imaging Price Performance

The stock’s 50-day moving average is $0.47 and its 200-day moving average is $0.58.

Insider Transactions at QT Imaging

In other QT Imaging news, Director James S. Greene bought 428,082 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $0.58 per share, with a total value of $248,287.56. Following the completion of the transaction, the director now directly owns 628,082 shares of the company’s stock, valued at approximately $364,287.56. The trade was a 214.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Avi S. Katz purchased 470,890 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of $0.58 per share, for a total transaction of $273,116.20. Following the acquisition, the chairman now directly owns 657,960 shares in the company, valued at $381,616.80. This represents a 251.72 % increase in their position. The disclosure for this purchase can be found here. 75.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in QT Imaging stock. Atlas Merchant Capital LLC bought a new stake in QT Imaging Holdings, Inc. (NASDAQ:QTI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 45,000 shares of the company’s stock, valued at approximately $33,000. Atlas Merchant Capital LLC owned about 0.21% of QT Imaging as of its most recent SEC filing. 24.19% of the stock is owned by institutional investors.

QT Imaging Company Profile

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.