Shares of iPass Inc. (NASDAQ:IPAS) traded down 0% during mid-day trading on Thursday . The company traded as low as $0.26 and last traded at $0.26. 3,275 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 508,650 shares. The stock had previously closed at $0.26.
A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of iPass from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Maxim Group reiterated a “buy” rating and issued a $1.00 price objective on shares of iPass in a report on Thursday, August 9th. Finally, Zacks Investment Research downgraded shares of iPass from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. iPass presently has a consensus rating of “Hold” and a consensus price target of $1.47.
The company has a debt-to-equity ratio of -3.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $24.82 million, a PE ratio of -0.86 and a beta of 0.13.
Several hedge funds and other institutional investors have recently bought and sold shares of IPAS. Manatuck Hill Partners LLC increased its holdings in iPass by 133.3% during the second quarter. Manatuck Hill Partners LLC now owns 1,050,000 shares of the technology company’s stock worth $362,000 after buying an additional 600,000 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in iPass during the second quarter worth $566,000. Pratt Collard Advisory Partners LLC increased its holdings in iPass by 8.2% during the second quarter. Pratt Collard Advisory Partners LLC now owns 1,790,120 shares of the technology company’s stock worth $617,000 after buying an additional 135,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in iPass by 8.0% during the second quarter. Renaissance Technologies LLC now owns 3,554,108 shares of the technology company’s stock worth $1,225,000 after buying an additional 262,210 shares during the last quarter. Institutional investors own 19.38% of the company’s stock.
iPass Company Profile (NASDAQ:IPAS)
iPass Inc provides mobile connectivity that enables Wi-Fi access on various mobile devices in the United States and internationally. It offers mobile connectivity services that provide cloud-based solution allowing customers and their users access to its Wi-Fi network to stay connected to the people and information.
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