Novatel Wireless Inc. (NASDAQ:MIFI) saw strong trading volume on Friday . 729,218 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 517,800 shares.The stock last traded at $3.32 and had previously closed at $3.18.

A number of analysts recently weighed in on the company. Lake Street Capital restated a “buy” rating and issued a $3.00 price target (up from $2.50) on shares of Novatel Wireless in a research note on Monday, August 15th. Zacks Investment Research upgraded Novatel Wireless from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, August 10th. Finally, Canaccord Genuity restated a “hold” rating and issued a $2.50 price target on shares of Novatel Wireless in a research note on Tuesday, May 10th.

The stock’s market capitalization is $175.56 million. The stock has a 50-day moving average of $1.96 and a 200 day moving average of $1.62.

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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