Identiv (NASDAQ:INVE – Get Free Report) announced its earnings results on Wednesday. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06), RTT News reports. Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. During the same quarter last year, the business posted ($0.13) earnings per share.
Identiv Price Performance
Shares of INVE stock traded down $0.01 during trading on Wednesday, reaching $5.01. The company’s stock had a trading volume of 84,329 shares, compared to its average volume of 88,064. The stock’s 50-day moving average price is $6.61 and its 200 day moving average price is $7.11. The company has a market capitalization of $116.89 million, a price-to-earnings ratio of -17.93 and a beta of 1.39. Identiv has a 1-year low of $4.72 and a 1-year high of $9.26.
Analysts Set New Price Targets
A number of brokerages have commented on INVE. StockNews.com cut Identiv from a “hold” rating to a “sell” rating in a report on Monday. B. Riley lowered their price target on shares of Identiv from $10.00 to $9.50 and set a “buy” rating on the stock in a research report on Wednesday, March 13th.
About Identiv
Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
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