Beamr Imaging (NASDAQ:BMR) Shares Up 1.6% – Still a Buy?

Beamr Imaging Ltd. (NASDAQ:BMR) shot up 1.6% during mid-day trading on Friday . The company traded as high as $1.99 and last traded at $1.95. 88,792 shares were traded during mid-day trading, a decline of 40% from the average session volume of 146,812 shares. The stock had previously closed at $1.92.

Beamr Imaging Stock Up 1.6%

The stock’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.93.

Beamr Imaging (NASDAQ:BMR) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $1.01 million for the quarter.

Institutional Trading of Beamr Imaging

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP increased 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 acquiring an additional 7,600 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Beamr Imaging in the third quarter worth $33,000. Renaissance Technologies LLC increased 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 acquiring an additional 15,000 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Beamr Imaging in the first quarter worth $84,000. 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.