Novatel Wireless Inc. (MIFI) Stock Price Up 14.4%
Novatel Wireless Inc. (NASDAQ:MIFI) rose 14.4% during mid-day trading on Thursday . The company traded as high as $2.16 and last traded at $2.15, with a volume of 920,386 shares trading hands. The stock had previously closed at $1.88.
MIFI has been the topic of a number of research analyst reports. Canaccord Genuity reissued a “hold” rating and issued a $2.50 price target on shares of Novatel Wireless in a research note on Tuesday, May 10th. Zacks Investment Research raised shares of Novatel Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $3.25.
The stock has a 50 day moving average of $1.63 and a 200 day moving average of $1.49. The firm’s market cap is $106.81 million.
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.
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