QT Imaging (NASDAQ:QTI) Stock Price Down 7.9% – Here’s Why

QT Imaging Holdings, Inc. (NASDAQ:QTI)’s share price fell 7.9% during trading on Tuesday . The company traded as low as $0.35 and last traded at $0.35. 195,848 shares were traded during trading, an increase of 10% from the average session volume of 177,330 shares. The stock had previously closed at $0.38.

QT Imaging Stock Up 5.7 %

The company’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.61.

Insiders Place Their Bets

In other QT Imaging news, Chairman Avi S. Katz acquired 470,890 shares of QT Imaging stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of $0.58 per share, for a total transaction of $273,116.20. Following the purchase, the chairman now directly owns 657,960 shares in the company, valued at approximately $381,616.80. This represents a 251.72 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James S. Greene purchased 428,082 shares of QT Imaging stock in a transaction that occurred 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 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 disclosure for this purchase can be found here. Corporate insiders own 75.40% of the company’s stock.

Institutional Investors Weigh In On QT Imaging

A hedge fund recently bought a new stake in QT Imaging stock. Atlas Merchant Capital LLC purchased a new stake in QT Imaging Holdings, Inc. (NASDAQ:QTI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $33,000. Atlas Merchant Capital LLC owned 0.21% of QT Imaging at the end of the most recent quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.