Welcome to our dedicated page for Moving iMage Technologies news (Ticker: $MITQ), a resource for investors and traders seeking the latest updates and insights on Moving iMage Technologies stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Moving iMage Technologies's position in the market.
News
Rhea-AI Summary
Moving iMage Technologies (MITQ) announces a new $363,000 share repurchase program, replacing the previous $1.0 million program. The program aims to repurchase shares up to the specified amount by June 30, 2024, or when the target is met. MiT had repurchased 6.3% of total shares for $637,000 under the previous plan. Additionally, a 10b5-1 stock trading plan was established to allow repurchases during blackout periods, expanding repurchase days from 90 to 250 annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.24%
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Rhea-AI Summary
Moving iMage Technologies, Inc. (MITQ) reports a decline in revenue and profit for the second quarter of fiscal 2024 due to the end of SVOG spending and strikes impacting the box office. The company anticipates a recovery in the second half of fiscal 2025 with increased technology upgrades and potential market expansion. Despite challenges, MiT is optimistic about new product lines and service opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.5%
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Rhea-AI Summary
Moving iMage Technologies (MITQ) to discuss Q2 fiscal 2024 results on February 14, 2024. Earnings release accessible on the investor relations website. Conference call details provided for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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Rhea-AI Summary
MITQ - Moving iMage Technologies, Inc. reports a 13% increase in revenue, 17% increase in gross profit, and a gross margin of 27.4% for the first quarter of the fiscal year. The company also achieved GAAP and Non-GAAP EPS of $0.04. Phil Rafnson, chairman and CEO, expressed satisfaction with the double-digit growth in revenue, gross margin expansion, and profits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.73%
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Rhea-AI Summary
MITQ: Moving iMage Technologies to Present at Sidoti MicroCap Conference on November 15, 3:15 p.m. E.T. Investors Can Request 1:1 Meetings. Register to Watch Virtually
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
MITQ: Moving iMage Technologies Announces New Customer Golden Ticket Cinemas and LEA Professional Power Amplifiers Selection for Immersive Auditoriums in North Carolina
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) will report financial and operational results for its first quarter fiscal 2023 ended November 13, 2023. The earnings release will be posted on November 13, 2023, at 7:00 a.m. ET. The earnings call will take place on November 13, 2023, at 12:00 p.m. ET. Dial-in and webcast information will be provided for participants to access the event. Telephone replay will be available until November 27, 2023, with the access ID 13742538.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
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Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) will report financial and operational results for its first quarter fiscal 2023 on November 14, 2023. The earnings release will be posted at roughly 7:00 a.m. Eastern Time and accessible through the Company’s investor relations website. Dial-in and webcast information is provided for participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) announced that the Alamo Drafthouse South Lamar in Austin, Texas fully equipped its cinema with LEA Professional smart power amplifiers during its recent remodel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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Rhea-AI Summary
Moving iMage Technologies (MITQ) has entered into a 10b5-1 stock trading plan to facilitate its $1 million share repurchase program. Through June 30, 2023, the company has repurchased approximately 273,000 shares for $303,000, leaving $697,000 available for future repurchases. The stock trading plan allows for repurchases during blackout periods, expanding the number of days available for repurchases from 90 to 250 days annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.2%
Tags
Moving iMage Technologies, Inc.
NYSE:MITQ
MITQ Rankings
MITQ Stock Data
5.45M
7.34M
32.2%
2.23%
0.39%
Photographic and Photocopying Equipment Manufacturing
Manufacturing
United States of America
FOUNTAIN VALLEY
About MITQ
moving image technologies is a manufacturer of standard and custom designed equipment and high level distributor of technology and equipment to the motion picture exhibition industry. we offer a wide range of products and services such as custom engineering, systems design, integration and installation, digital technology solutions for 3d, digital cinema, audio visual integration, and, through our rydt entertainment systems division, turnkey ffe solutions for new construction and remodels to include procurement, design, consulting, installation and project management. based in fountain valley california, our 28,000 sq ft facility is home to our corporate offices, engineering & manufacturing, distribution, integration as well as service and support divisions. our strategic location is augmented by a global network of service partners & oem manufacturers.