Integrated Media Technology (NASDAQ:IMTE) Trading Up 0.7% – Still a Buy?

Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) rose 0.7% on Tuesday . The stock traded as high as $0.45 and last traded at $0.4430. 4,770 shares were traded during trading, a decline of 96% from the average daily volume of 124,082 shares. The stock had previously closed at $0.44.

Integrated Media Technology Price Performance

The business has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.61.

Integrated Media Technology Company Profile

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Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.

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