Lakeview Capital Partners LLC Cuts Position in MICT, Inc. (NASDAQ:MICT)

Lakeview Capital Partners LLC cut its stake in MICT, Inc. (NASDAQ:MICT) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,256 shares of the aerospace company’s stock after selling 5,827 shares during the period. Lakeview Capital Partners LLC owned about 1.75% of MICT worth $903,000 as of its most recent SEC filing.

In other news, insider Shamian Moran Rachel Amran sold 18,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $4.83, for a total transaction of $86,940.00. Following the completion of the sale, the insider now directly owns 35,500 shares in the company, valued at $171,465. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey P. Bialos sold 20,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $4.99, for a total transaction of $99,800.00. Following the sale, the director now owns 199,500 shares of the company’s stock, valued at $995,505. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,424 shares of company stock valued at $271,072. 9.70% of the stock is currently owned by company insiders.

Several analysts have issued reports on MICT shares. Aegis started coverage on shares of MICT in a research report on Tuesday, August 25th. They set a “buy” rating and a $6.00 price target for the company. ValuEngine upgraded shares of MICT from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd.

Shares of MICT stock traded down $0.16 during trading on Friday, reaching $2.97. 221,400 shares of the stock were exchanged, compared to its average volume of 488,276. The stock’s fifty day moving average is $4.36 and its 200 day moving average is $2.47. The firm has a market cap of $39.60 million, a price-to-earnings ratio of -8.49 and a beta of 1.16. MICT, Inc. has a 1 year low of $0.40 and a 1 year high of $8.45.

MICT Profile

MICT, Inc designs, develops, manufactures, and sells rugged mobile computing and video telematics devices. Its products comprise tablets, on-board-computers, and dash cams that provide fleet operators and field workforces with computing solutions for various work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions.

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