Elbit Imaging (NASDAQ:EMITF) Stock Crosses Above Two Hundred Day Moving Average of $0.00
Shares of Elbit Imaging Ltd (NASDAQ:EMITF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.54. Elbit Imaging shares last traded at $0.51, with a volume of 5,825 shares trading hands.
The company’s 50 day simple moving average is $0.59.
A hedge fund recently bought a new stake in Elbit Imaging stock. Jane Street Group LLC purchased a new position in Elbit Imaging Ltd (NASDAQ:EMITF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,129 shares of the financial services provider’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.21% of Elbit Imaging at the end of the most recent reporting period. 41.60% of the stock is owned by hedge funds and other institutional investors.
Elbit Imaging Ltd., together with its subsidiaries, engages in medical industries and plots sale businesses in India, and Central and Eastern Europe. It is involved in the research and development, production, and marketing of treatment-oriented medical systems, including magnetic resonance imaging for the purpose of performing noninvasive treatments in human beings; and products designated for certain cancer diseases.
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