OMNIQ (NASDAQ:OMQS) Shares Down 19.9%

OMNIQ Corp. (NASDAQ:OMQS) shares fell 19.9% during trading on Friday . The company traded as low as $0.15 and last traded at $0.16. 31,336 shares traded hands during trading, a decline of 85% from the average session volume of 210,287 shares. The stock had previously closed at $0.20.

OMNIQ Stock Down 19.9 %

The firm has a market cap of $1.71 million, a P/E ratio of -0.05 and a beta of 1.28. The stock’s 50-day simple moving average is $0.30 and its 200 day simple moving average is $0.40.

OMNIQ (NASDAQ:OMQS) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.20) EPS for the quarter. The business had revenue of $18.32 million for the quarter.

Hedge Funds Weigh In On OMNIQ

An institutional investor recently bought a new position in OMNIQ stock. Warberg Asset Management LLC bought a new position in OMNIQ Corp. (NASDAQ:OMQS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 193,200 shares of the company’s stock, valued at approximately $126,000. Warberg Asset Management LLC owned about 1.81% of OMNIQ at the end of the most recent reporting period. Institutional investors and hedge funds own 5.65% of the company’s stock.

OMNIQ Company Profile

OMNIQ Corp. provides artificial intelligence-based solutions in the United States. The company provides artificial intelligence technology to deliver data collection, real-time surveillance, and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications.