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

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

QT Imaging Trading Down 7.9 %

The firm has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.61.

Insider Activity at QT Imaging

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

Hedge Funds Weigh In On QT Imaging

A hedge fund recently bought a new stake in QT Imaging stock. Lynrock Lake LP bought a new stake in shares of QT Imaging Holdings, Inc. (NASDAQ:QTI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 257,868 shares of the company’s stock, valued at approximately $191,000. QT Imaging makes up 0.0% of Lynrock Lake LP’s portfolio, making the stock its 25th biggest position. Lynrock Lake LP owned about 1.20% of QT Imaging as of its most recent filing with the SEC. 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.