StockNews.com Initiates Coverage on Intellicheck (NYSE:IDN)

StockNews.com started coverage on shares of Intellicheck (NYSE:IDNFree Report) in a research note released on Friday morning. The brokerage issued a buy rating on the stock.

Intellicheck Stock Down 1.1 %

Shares of Intellicheck stock opened at $1.82 on Friday. The company’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $2.07. Intellicheck has a 12-month low of $1.56 and a 12-month high of $2.88. The firm has a market cap of $35.22 million, a PE ratio of -10.71 and a beta of 1.71.

Institutional Investors Weigh In On Intellicheck

Several institutional investors and hedge funds have recently modified their holdings of IDN. Morgan Dempsey Capital Management LLC purchased a new position in Intellicheck during the 1st quarter valued at about $735,000. Herald Investment Management Ltd raised its holdings in Intellicheck by 12.8% in the third quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock worth $1,887,000 after buying an additional 96,439 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Intellicheck in the second quarter worth about $128,000. Ancora Advisors LLC raised its holdings in Intellicheck by 54.5% in the fourth quarter. Ancora Advisors LLC now owns 116,309 shares of the company’s stock worth $232,000 after buying an additional 41,014 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Intellicheck by 226.7% in the second quarter. Renaissance Technologies LLC now owns 55,200 shares of the company’s stock worth $112,000 after buying an additional 38,303 shares during the last quarter. 36.22% of the stock is owned by hedge funds and other institutional investors.

Intellicheck Company Profile

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Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions primarily in the United States. The company offers solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems.

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