QT Imaging (NASDAQ:QTI) Trading Up 6.9% – Here’s Why

QT Imaging Holdings, Inc. (NASDAQ:QTI) shot up 6.9% during mid-day trading on Friday . The company traded as high as $0.37 and last traded at $0.36. 34,740 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 347,625 shares. The stock had previously closed at $0.34.

QT Imaging Trading Up 6.9 %

The company’s 50 day moving average price is $0.44 and its 200 day moving average price is $0.55.

Insiders Place Their Bets

In other QT Imaging news, Director James S. Greene purchased 428,082 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $0.58 per share, with a total value of $248,287.56. Following the completion of the acquisition, the director now owns 628,082 shares in the company, valued at $364,287.56. This trade represents a 214.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Avi S. Katz acquired 470,890 shares of QT Imaging stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $0.58 per share, with a total value of $273,116.20. Following the purchase, the chairman now directly owns 657,960 shares in the company, valued at approximately $381,616.80. The trade was 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.

About QT Imaging

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.