QT Imaging (NASDAQ:QTI) Trading Down 1% – Here’s What Happened

QT Imaging Holdings, Inc. (NASDAQ:QTI)’s stock price traded down 1% during trading on Monday . The company traded as low as $6.12 and last traded at $6.15. 18,882 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 64,916 shares. The stock had previously closed at $6.21.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on QTI shares. Zacks Research cut shares of QT Imaging from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Lake Street Capital began coverage on QT Imaging in a report on Friday, January 30th. They issued a “buy” rating on the stock. Finally, Weiss Ratings started coverage on QT Imaging in a research note on Thursday, January 29th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

QT Imaging Price Performance

The stock has a market capitalization of $74.05 million, a price-to-earnings ratio of -2.81 and a beta of -0.11. The company has a quick ratio of 2.17, a current ratio of 2.81 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $5.93 and a 200-day moving average of $5.24.

QT Imaging (NASDAQ:QTI) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $8.27 million for the quarter.

About QT Imaging

QT Imaging Ltd. (NASDAQ: QTI) is a medical technology company specializing in the development and commercialization of advanced ultrasound imaging solutions. The company focuses on real-time volumetric imaging systems designed to enhance diagnostic capabilities in obstetrics, gynecology and other clinical applications. QT Imaging’s flagship Q.VIEW® system and associated software suite enable practitioners to capture, analyze and visualize high-resolution 3D/4D ultrasound images, offering improved workflow efficiency and enhanced patient care.

QT Imaging’s product portfolio includes proprietary transducers, imaging consoles and software platforms that can be integrated with existing ultrasound scanners from leading original equipment manufacturers.