According to Zacks, “Identiv Inc. is a global security technology company. It provides trust solutions in the connected world, including premises, information and everyday items. The Company’s trust solutions are implemented using standards-driven products and technology, such as hardware, software, digital certificates, and mobility and cloud services. Its products are used in corporate employee identification cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses. Identiv Group, Inc., formerly known as Identive Group, Inc., is headquartered in Fremont, California. “
Identiv (NASDAQ:INVE) opened at 2.13 on Wednesday. The company’s market capitalization is $23.33 million. Identiv has a 12-month low of $1.39 and a 12-month high of $3.80. The stock’s 50 day moving average is $2.13 and its 200-day moving average is $2.14.
Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.23. Identiv had a negative net margin of 66.08% and a negative return on equity of 168.95%. During the same period last year, the firm earned ($0.67) EPS. On average, equities analysts predict that Identiv will post ($1.37) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Identiv stock. Royce & Associates LP raised its position in Identiv Inc. (NASDAQ:INVE) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,899 shares of the company’s stock after buying an additional 16,370 shares during the period. Royce & Associates LP owned about 4.03% of Identiv worth $775,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.34% of the company’s stock.
Identiv, Inc, formerly Identive Group Inc, is a global security technology company. The Company provides trust solutions in the connected world, including premises, information and everyday items. The Company has four operational business segments: Premises, Identity, Credentials and All Other. The Company’s uTrust premises products offerings include MX controllers, Velocity management software and Touch Secure (TS) door readers.
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