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

QT Imaging Holdings, Inc. (NASDAQ:QTI) dropped 7.9% during trading 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 Stock Up 5.7 %

The business’s fifty day moving average price is $0.54 and its 200 day moving average price is $0.61.

Insider Transactions at QT Imaging

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

Institutional Trading of QT Imaging

A hedge fund recently bought a new stake in QT Imaging stock. Lynrock Lake LP acquired a new position in QT Imaging Holdings, Inc. (NASDAQ:QTI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 257,868 shares of the company’s stock, valued at approximately $191,000. QT Imaging makes up 0.0% of Lynrock Lake LP’s holdings, making the stock its 25th largest holding. Lynrock Lake LP owned 1.20% of QT Imaging as of its most recent SEC filing. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.