Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) traded up 1.3% during trading on Monday . The company traded as high as $0.5180 and last traded at $0.5180. 296,855 shares changed hands during trading, an increase of 777% from the average session volume of 33,855 shares. The stock had previously closed at $0.5114.
Integrated Media Technology Trading Up 15.8%
The stock’s fifty day moving average is $0.56 and its 200-day moving average is $0.64.
Integrated Media Technology Company Profile
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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