MICT (NASDAQ:MICT) Stock Passes Below 200-Day Moving Average of $0.70

Posted by on Jun 23rd, 2022

MICT, Inc. (NASDAQ:MICT – Get Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.70 and traded as low as $0.65. MICT shares last traded at $0.68, with a volume of 325,482 shares traded.

Separately, StockNews.com assumed coverage on shares of MICT in a research note on Thursday, March 31st. They set a “sell” rating on the stock.

The business has a 50 day moving average of $0.63 and a 200-day moving average of $0.70. The company has a market capitalization of $82.77 million, a P/E ratio of -2.11 and a beta of 1.00.

A number of large investors have recently modified their holdings of the stock. Quilter Plc bought a new position in MICT in the 4th quarter valued at $35,000. Bison Wealth LLC boosted its stake in MICT by 10.2% during the first quarter. Bison Wealth LLC now owns 183,800 shares of the company’s stock valued at $112,000 after buying an additional 17,044 shares during the period. State Street Corp grew its position in MICT by 8.4% during the first quarter. State Street Corp now owns 355,018 shares of the company’s stock worth $217,000 after buying an additional 27,506 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in MICT by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 927,811 shares of the company’s stock worth $1,438,000 after acquiring an additional 38,888 shares during the last quarter. 15.13% of the stock is owned by institutional investors.

About MICT (NASDAQ:MICT)

MICT, Inc, through its subsidiaries, designs, develops, manufactures, and sells mobile computing devices and software for fleet operators and field workforces. It also engages in the provision of online brokerage services for equities trading and the sale of insurance products through a proprietary trading technology platform.

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