Identiv (NASDAQ:INVE – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06), RTT News reports. Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. During the same period last year, the business earned ($0.13) earnings per share.
Identiv Stock Performance
Shares of INVE stock traded down $0.01 on Wednesday, hitting $5.01. The company had a trading volume of 84,329 shares, compared to its average volume of 88,064. Identiv has a twelve month low of $4.72 and a twelve month high of $9.26. The firm has a market cap of $116.89 million, a P/E ratio of -17.93 and a beta of 1.39. The stock’s 50-day moving average is $6.61 and its two-hundred day moving average is $7.11.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on INVE shares. StockNews.com downgraded Identiv from a “hold” rating to a “sell” rating in a report on Monday. B. Riley reduced their target price on shares of Identiv from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday, March 13th.
Identiv Company Profile
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
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