Iveda Solutions (NASDAQ:IVDA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Iveda Solutions (NASDAQ:IVDA) to a hold rating in a research note issued to investors on Saturday morning.

Iveda Solutions Price Performance

NASDAQ:IVDA opened at $2.06 on Friday. Iveda Solutions has a one year low of $1.27 and a one year high of $8.05. The stock has a market cap of $5.78 million, a PE ratio of -1.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.04 and a current ratio of 2.45. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.84.

Iveda Solutions (NASDAQ:IVDA) last issued its earnings results on Tuesday, May 13th. The company reported ($0.28) earnings per share (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.

Hedge Funds Weigh In On Iveda Solutions

A hedge fund recently bought a new stake in Iveda Solutions stock. Virtu Financial LLC purchased a new position in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,825 shares of the company’s stock, valued at approximately $63,000. Virtu Financial LLC owned about 0.48% of Iveda Solutions at the end of the most recent reporting period. 4.30% of the stock is owned by institutional investors.

About Iveda Solutions

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.