Beamr Imaging (NASDAQ:BMR) Stock Price Down 9.6% – Here’s Why

by · The Cerbat Gem

Beamr Imaging Ltd. (NASDAQ:BMR – Get Free Report)’s stock price was down 9.6% on Wednesday . The stock traded as low as $1.41 and last traded at $1.41. Approximately 112,375 shares traded hands during trading, an increase of 64% from the average session volume of 68,351 shares. The stock had previously closed at $1.56.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beamr Imaging in a research report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Stock Report on Beamr Imaging

Beamr Imaging Price Performance

The company’s 50 day simple moving average is $1.80 and its 200-day simple moving average is $1.79.

Institutional Investors Weigh In On Beamr Imaging

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in Beamr Imaging during the 1st quarter valued at $84,000. Two Sigma Investments LP bought a new stake in shares of Beamr Imaging during the third quarter worth $33,000. Susquehanna International Group LLP boosted its stake in shares of Beamr Imaging by 15.2% during the third quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock valued at $176,000 after purchasing an additional 7,600 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Beamr Imaging by 56.2% in the fourth quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock worth $65,000 after purchasing an additional 15,000 shares during the last quarter. 0.71% of the stock is owned by institutional investors.

About Beamr Imaging

(Get Free Report)

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.

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