Beamr Imaging (NASDAQ:BMR) Stock Price Down 9.6% – What’s Next?

Beamr Imaging Ltd. (NASDAQ:BMR)’s stock price dropped 9.6% during mid-day trading on Wednesday . The stock traded as low as $1.41 and last traded at $1.41. Approximately 112,375 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 68,351 shares. The stock had previously closed at $1.56.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beamr Imaging in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Beamr Imaging Stock Down 9.6%

The stock’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.80.

Institutional Investors Weigh In On Beamr Imaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP acquired a new stake in Beamr Imaging during the 3rd quarter worth about $33,000. Cubist Systematic Strategies LLC acquired a new position in shares of Beamr Imaging in the 1st quarter valued at about $84,000. Renaissance Technologies LLC boosted its stake 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 buying an additional 15,000 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Beamr Imaging by 15.2% in the third quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock worth $176,000 after buying an additional 7,600 shares during the last quarter. 0.71% of the stock is owned by institutional investors and hedge funds.

About Beamr Imaging

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.