Network-1 Technologies (NYSEAMERICAN:NTIP) Posts Quarterly Earnings Results

Network-1 Technologies (NYSEAMERICAN:NTIP) issued its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports.

Network-1 Technologies Stock Up 1.3%

Shares of Network-1 Technologies stock opened at $1.62 on Friday. Network-1 Technologies has a 52 week low of $1.24 and a 52 week high of $1.90. The firm’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.46. The firm has a market capitalization of $37.03 million, a P/E ratio of -14.73 and a beta of 0.12.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Network-1 Technologies during the 3rd quarter worth $25,000. Citadel Advisors LLC acquired a new position in Network-1 Technologies during the 3rd quarter worth approximately $34,000. Finally, Canton Hathaway LLC lifted its holdings in shares of Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after buying an additional 212,447 shares during the period. Institutional investors and hedge funds own 29.07% of the company’s stock.

Network-1 Technologies Company Profile

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.