Intrusion (NASDAQ:INTZ) Trading Down 7.9% – Time to Sell?

Shares of Intrusion Inc. (NASDAQ:INTZ) fell 7.9% during mid-day trading on Thursday . The stock traded as low as $0.7442 and last traded at $0.75. 165,486 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 5,933,494 shares. The stock had previously closed at $0.8145.

Analyst Upgrades and Downgrades

INTZ has been the subject of a number of recent research reports. Weiss Ratings cut shares of Intrusion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 29th. HC Wainwright cut their target price on Intrusion from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, March 30th. Zacks Research cut Intrusion from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Finally, Ascendiant Capital Markets decreased their price target on Intrusion from $10.50 to $9.50 and set a “buy” rating for the company in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $5.25.

Intrusion Trading Down 7.9%

The company’s fifty day moving average is $0.80 and its 200-day moving average is $0.93. The firm has a market capitalization of $17.07 million, a P/E ratio of -1.44 and a beta of -1.66.

Intrusion (NASDAQ:INTZ) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The firm had revenue of $0.89 million during the quarter, compared to the consensus estimate of $2.02 million. Intrusion had a negative return on equity of 129.84% and a negative net margin of 169.48%. On average, equities research analysts anticipate that Intrusion Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Intrusion

A number of institutional investors have recently made changes to their positions in INTZ. Virtu Financial LLC bought a new stake in Intrusion during the 4th quarter valued at approximately $31,000. Millennium Management LLC bought a new position in Intrusion in the 3rd quarter worth approximately $34,000. XTX Topco Ltd bought a new position in Intrusion in the 4th quarter worth approximately $35,000. Jane Street Group LLC acquired a new position in shares of Intrusion during the fourth quarter worth approximately $51,000. Finally, State Street Corp lifted its holdings in shares of Intrusion by 11.6% during the fourth quarter. State Street Corp now owns 102,765 shares of the company’s stock worth $118,000 after buying an additional 10,700 shares during the last quarter. 19.43% of the stock is currently owned by institutional investors.

About Intrusion

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections. The company also provides INTRUSION TraceCop, a big data tool that contains an inventory of network selectors and enrichments to support forensic investigations; and INTRUSION Savant, a network monitoring solution that uses the data available in TraceCop to identify suspicious traffic in real-time.