Novatel Wireless Inc. (MIFI) Stock Price Up 4.4%
Shares of Novatel Wireless Inc. (NASDAQ:MIFI) rose 4.4% during mid-day trading on Tuesday . The stock traded as high as $3.50 and last traded at $3.30, with a volume of 464,244 shares changing hands. The stock had previously closed at $3.16.
MIFI has been the topic of several research analyst reports. Lake Street Capital reiterated a “buy” rating and issued a $3.00 target price (up previously from $2.50) on shares of Novatel Wireless in a research report on Monday, August 15th. Zacks Investment Research upgraded shares of Novatel Wireless from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Wednesday, August 10th. Finally, 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.
The company has a 50-day moving average price of $2.24 and a 200 day moving average price of $1.72. The stock’s market cap is $177.72 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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