Identiv Inc. (INVE) Trading Down 5.2%
Identiv Inc. (NASDAQ:INVE) shares were down 5.2% during mid-day trading on Thursday . The stock traded as low as $1.99 and last traded at $1.99, with a volume of 90,475 shares. The stock had previously closed at $2.10.
Several research analysts have issued reports on INVE shares. Zacks Investment Research lowered shares of Identiv from a “buy” rating to a “sell” rating in a research report on Tuesday, May 17th. Imperial Capital decreased their price target on shares of Identiv from $4.00 to $3.00 and set an “in-line” rating on the stock in a research report on Monday, May 23rd.
The stock’s market cap is $21.28 million. The firm has a 50-day moving average of $1.96 and a 200-day moving average of $2.09.
Identiv (NASDAQ:INVE) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.42. The company had revenue of $12.50 million for the quarter. During the same quarter last year, the business earned ($0.54) EPS. On average, equities analysts anticipate 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.
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