Identiv Inc. (INVE) Stock Price Down 5.2%
Identiv Inc. (NASDAQ:INVE) traded down 5.2% on Thursday . The stock traded as low as $1.99 and last traded at $1.99, with a volume of 90,475 shares trading hands. The stock had previously closed at $2.10.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Identiv from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Imperial Capital reissued a “hold” rating on shares of Identiv in a research note on Tuesday, May 24th.
The firm’s market capitalization is $21.81 million. The company has a 50 day moving average of $1.96 and a 200-day moving average of $2.09.
Identiv (NASDAQ:INVE) last posted its earnings results on Wednesday, May 11th. The company reported ($0.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.42. During the same quarter in the previous year, the business earned ($0.54) earnings per share. The company earned $12.50 million during the quarter. Equities analysts forecast 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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