Novatel Wireless Inc. (MIFI) Trading Up 4.4%
Novatel Wireless Inc. (NASDAQ:MIFI)’s share price was up 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 trading hands. The stock had previously closed at $3.16.
Several equities analysts have issued reports on MIFI shares. Zacks Investment Research upgraded shares of Novatel Wireless from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Wednesday, August 10th. Canaccord Genuity restated a “hold” rating and issued a $2.50 price target on shares of Novatel Wireless in a research report on Tuesday, May 10th. Finally, 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 report on Monday, August 15th.
The firm has a 50 day moving average of $2.33 and a 200-day moving average of $1.75. The stock’s market capitalization is $168.56 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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