OMNIQ (NASDAQ:OMQS) Trading 10.7% Higher

Shares of OMNIQ Corp. (NASDAQ:OMQS) were up 10.7% during trading on Thursday . The company traded as high as $0.27 and last traded at $0.25. Approximately 48,490 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 230,861 shares. The stock had previously closed at $0.23.

OMNIQ Stock Performance

The stock has a 50-day simple moving average of $0.33 and a 200 day simple moving average of $0.45. The company has a market cap of $2.72 million, a P/E ratio of -0.08 and a beta of 1.29.

OMNIQ (NASDAQ:OMQS) last posted its earnings results on Wednesday, May 15th. The company reported ($0.20) EPS for the quarter. The company had revenue of $18.32 million during the quarter.

Hedge Funds Weigh In On OMNIQ

A hedge fund recently bought a new stake in OMNIQ stock. Sheets Smith Wealth Management purchased a new stake in shares of OMNIQ Corp. (NASDAQ:OMQS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $33,000. Sheets Smith Wealth Management owned approximately 0.47% of OMNIQ at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.65% of the company’s stock.

About OMNIQ

OMNIQ Corp. provides artificial intelligence-based solutions in the United States. The company provides artificial intelligence technology to deliver data collection, real-time surveillance, and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications.