Identiv Inc. (INVE) Shares Up 12.4%
Identiv Inc. (NASDAQ:INVE) shares shot up 12.4% during mid-day trading on Tuesday . The stock traded as high as $2.23 and last traded at $2.17, with a volume of 77,251 shares. The stock had previously closed at $1.93.
Several brokerages have issued reports on INVE. Zacks Investment Research raised shares of Identiv from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Northland Securities decreased their target price on shares of Identiv from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, March 25th. Finally, Imperial Capital reaffirmed a “hold” rating on shares of Identiv in a report on Tuesday, May 24th.
The company’s market capitalization is $23.32 million. The firm’s 50-day moving average is $2.00 and its 200-day moving average is $2.09.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.42. The firm had revenue of $12.50 million for the quarter. During the same period in the previous year, the firm earned ($0.54) EPS. Equities analysts anticipate that Identiv Inc. will post ($2.05) EPS for the current fiscal 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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