Infinite Group (OTCMKTS:IMCI) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Infinite Group Inc. (OTCMKTS:IMCI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.18 and traded as low as $0.0450. Infinite Group shares last traded at $0.0450, with a volume of 266 shares.

Infinite Group Stock Down 26.2%

The stock has a market cap of $24,750.00, a PE ratio of -0.01 and a beta of -189.15. The company’s fifty day moving average is $0.18 and its 200 day moving average is $0.06.

Infinite Group (OTCMKTS:IMCI) last released its quarterly earnings data on Monday, February 23rd. The company reported ($1.28) earnings per share (EPS) for the quarter. The business had revenue of $0.83 million for the quarter.

About Infinite Group

Infinite Group, Inc develops cybersecurity software in the United States. The company offers Nodeware, a patented software-as-a-service solution that automates network asset identification, and cybersecurity vulnerability management and monitoring; and distributes Webroot, a cloud-based endpoint security platform solution. It also provides cybersecurity consulting services that include incident response, security awareness training, risk management, IT governance and compliance, security assessment, and penetration testing offerings to channel partners and direct customers for various vertical markets, such as banking, manufacturing, supply chain, and technology.