Iveda Solutions (NASDAQ:IVDA) Shares Down 0.5% – Here’s Why

Iveda Solutions, Inc. (NASDAQ:IVDA)’s share price fell 0.5% during mid-day trading on Monday . The company traded as low as $2.04 and last traded at $2.06. 12,080 shares were traded during trading, a decline of 85% from the average session volume of 80,021 shares. The stock had previously closed at $2.07.

Iveda Solutions Price Performance

The company has a quick ratio of 2.04, a current ratio of 2.45 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $2.79. The company has a market capitalization of $5.81 million, a price-to-earnings ratio of -1.28 and a beta of 0.79.

Iveda Solutions (NASDAQ:IVDA) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($0.28) EPS for the quarter. Iveda Solutions had a negative net margin of 61.38% and a negative return on equity of 64.43%. The company had revenue of $1.48 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Iveda Solutions stock. Virtu Financial LLC bought a new position in Iveda Solutions, Inc. (NASDAQ:IVDA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,825 shares of the company’s stock, valued at approximately $63,000. Virtu Financial LLC owned approximately 0.48% of Iveda Solutions at the end of the most recent quarter. Institutional investors own 4.30% of the company’s stock.

Iveda Solutions Company Profile

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.