MICT (MICT) Trading 15% Higher

MICT Inc (NASDAQ:MICT) traded up 15% during mid-day trading on Tuesday . The company traded as high as $1.41 and last traded at $1.30. 1,119,906 shares traded hands during mid-day trading, an increase of 280% from the average session volume of 294,925 shares. The stock had previously closed at $1.13.

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.86.

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MICT (NASDAQ:MICT) last released its earnings results on Tuesday, November 27th. The aerospace company reported ($0.27) earnings per share (EPS) for the quarter. MICT had a negative return on equity of 86.78% and a negative net margin of 20.23%. The company had revenue of $2.22 million during the quarter.

An institutional investor recently raised its position in MICT stock. Renaissance Technologies LLC boosted its stake in MICT Inc (NASDAQ:MICT) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,714 shares of the aerospace company’s stock after buying an additional 63,714 shares during the quarter. Renaissance Technologies LLC owned approximately 2.56% of MICT worth $266,000 at the end of the most recent quarter. 6.18% of the stock is owned by institutional investors.

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MICT Company Profile (NASDAQ:MICT)

MICT, Inc develops, manufactures, integrates, and markets rugged computers, tablets, and computer-based systems and instruments for the commercial, defense, and aerospace markets in the United States, Israel, Europe, and internationally. The company also sells rugged mobile computing devices that provide computing solutions to fleet operators and field workforces in work environments.

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