Identiv (INVE) Shares Up 8.9%

Identiv, Inc. (NASDAQ:INVE)’s share price shot up 8.9% during mid-day trading on Thursday . The stock traded as high as $4.11 and last traded at $3.55. 543,568 shares changed hands during mid-day trading, an increase of 691% from the average session volume of 68,717 shares. The stock had previously closed at $3.26.

Several research firms have recently issued reports on INVE. ValuEngine lowered Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th.

The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INVE. Royce & Associates LP increased its holdings in Identiv by 15.0% in the 2nd quarter. Royce & Associates LP now owns 755,086 shares of the technology company’s stock worth $3,964,000 after buying an additional 98,497 shares in the last quarter. White Pine Capital LLC bought a new stake in Identiv in the 2nd quarter worth about $192,000. Emancipation Management LLC bought a new stake in Identiv in the 2nd quarter worth about $111,000. Northern Trust Corp increased its holdings in Identiv by 43.5% in the 2nd quarter. Northern Trust Corp now owns 23,429 shares of the technology company’s stock worth $123,000 after buying an additional 7,104 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Identiv by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 259,868 shares of the technology company’s stock worth $1,364,000 after buying an additional 2,476 shares in the last quarter. Institutional investors own 33.31% of the company’s stock.

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Identiv Company Profile

Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.

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