QT Imaging (NASDAQ:QTI) Stock Price Down 5.6% – What’s Next?

QT Imaging Holdings, Inc. (NASDAQ:QTI) shares were down 5.6% on Tuesday . The company traded as low as $0.48 and last traded at $0.48. Approximately 144,857 shares changed hands during trading, a decline of 14% from the average daily volume of 168,803 shares. The stock had previously closed at $0.51.

QT Imaging Trading Down 5.6 %

The business’s 50-day moving average is $0.64 and its two-hundred day moving average is $0.68.

Hedge Funds Weigh In On QT Imaging

Hedge funds have recently bought and sold shares of the company. Atlas Merchant Capital LLC purchased a new position in QT Imaging during the second quarter valued at approximately $33,000. Virtu Financial LLC purchased a new position in QT Imaging during the first quarter valued at approximately $55,000. Oxford Financial Group LTD. LLC purchased a new position in QT Imaging during the first quarter valued at approximately $65,000. Finally, Lynrock Lake LP purchased a new position in QT Imaging during the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.