What’s going on with the MyFiziq (ASX:MYQ) share price today?

The MyFiziq Ltd (ASX: MYQ) share price hit a new 52-week high today. This follows the announcement of a binding agreement for integration and distribution in China.

Upon open, MyFiziq share’s rallied 12.7% to $2.04. However, the excitement appears to have worn off throughout the day. This is reflected in a flat share price at the time of writing, sitting at $1.81.

Details of the agreement

MyFiziq is a software application company that has developed a way of converting photos of the human body into 3D images. The images are then used within the company’s application to track weight, fitness, etc.

The deal struck today is with China-based Tinjoy Biotech Limited. Tinjoy owns multiple brands in China and services over 28 million…