Beamr Imaging (NASDAQ:BMR) Trading Up 8.7% – Here’s Why

Beamr Imaging Ltd. (NASDAQ:BMR) shares rose 8.7% on Monday . The stock traded as high as $2.00 and last traded at $1.99. Approximately 233,362 shares traded hands during mid-day trading, an increase of 155% from the average daily volume of 91,569 shares. The stock had previously closed at $1.83.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beamr Imaging in a research report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Beamr Imaging presently has a consensus rating of “Sell”.

Beamr Imaging Stock Up 8.7%

The business’s 50 day moving average price is $1.74 and its two-hundred day moving average price is $1.85.

Institutional Investors Weigh In On Beamr Imaging

Large investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in shares of Beamr Imaging during the third quarter valued at approximately $33,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Beamr Imaging during the first quarter valued at approximately $84,000. Renaissance Technologies LLC raised its holdings in shares of Beamr Imaging by 56.2% during the fourth quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares during the period. Finally, Susquehanna International Group LLP raised its holdings 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 acquiring an additional 7,600 shares during the period. Institutional investors and hedge funds own 0.71% of the company’s stock.

Beamr Imaging Company Profile

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.