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.
TRADEMARK VIOLATION NOTICE: “Identiv (INVE) Shares Up 8.9%” was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://transcriptdaily.com/2017/12/23/identiv-inve-shares-up-8-9.html.
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.
Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.