Identiv Inc. (INVE) Stock Price Up 4.6%
Shares of Identiv Inc. (NASDAQ:INVE) rose 4.6% during mid-day trading on Monday . The stock traded as high as $2.07 and last traded at $2.04, with a volume of 71,019 shares. The stock had previously closed at $1.95.
INVE has been the subject of several recent analyst reports. Zacks Investment Research downgraded Identiv from a “buy” rating to a “sell” rating in a research note on Tuesday, May 17th. Imperial Capital decreased their price target on Identiv from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Monday, May 23rd.
The firm’s market capitalization is $22.12 million. The firm’s 50 day moving average is $1.96 and its 200 day moving average is $2.09.
Identiv (NASDAQ:INVE) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.42. The company earned $12.50 million during the quarter. During the same quarter in the prior year, the firm posted ($0.54) EPS. Analysts forecast that Identiv Inc. will post ($2.05) earnings per share for the current year.
Identiv, Inc, formerly Identive Group Inc, is a global security technology company. The Company provides trust solutions in the connected world, including premises, information and everyday items. The Company has four operational business segments: Premises, Identity, Credentials and All Other. The Company’s uTrust premises products offerings include MX controllers, Velocity management software and Touch Secure (TS) door readers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.