Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP – Get Free Report)’s share price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1.57 and traded as low as $1.53. Network-1 Technologies shares last traded at $1.59, with a volume of 15,482 shares changing hands.
Network-1 Technologies Stock Performance
The stock has a market cap of $36.35 million, a P/E ratio of -13.25 and a beta of 0.11. The firm has a 50-day moving average price of $1.57 and a 200-day moving average price of $1.50.
Network-1 Technologies (NYSEAMERICAN:NTIP – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter.
Network-1 Technologies Dividend Announcement
Institutional Trading of Network-1 Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of NTIP. Cannell Capital LLC bought a new stake in Network-1 Technologies during the second quarter worth about $1,874,563. Canton Hathaway LLC increased its stake in shares of Network-1 Technologies by 311.1% during the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after purchasing an additional 212,447 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Network-1 Technologies during the second quarter valued at approximately $143,000. Finally, BlackRock Inc. purchased a new position in shares of Network-1 Technologies during the second quarter valued at approximately $73,000. 29.07% of the stock is owned by hedge funds and other institutional investors.
Network-1 Technologies Company Profile
Network-1 Technologies, Inc is an intellectual property company that acquires, develops and licenses patents and other technology-related assets. Rather than operating as a conventional product manufacturer, the company generates revenue primarily through patent licensing agreements, settlements and related enforcement activities.
The company’s intellectual property portfolio has included patents covering network communications, data transmission and the delivery of power over computer networks.
Featured Articles
- Five stocks we like better than Network-1 Technologies
- 5 Scary-Good Stocks With Strong October Catalysts and Breakout Potential
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
Receive News & Ratings for Network-1 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Network-1 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
