Identiv (NASDAQ:INVE) posted its quarterly earnings data on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, RTT News reports. Identiv had a negative return on equity of 0.41% and a negative net margin of 0.38%. The firm had revenue of $23.03 million during the quarter, compared to analysts’ expectations of $25.32 million. During the same period in the prior year, the business earned ($0.02) EPS.
INVE stock traded down $0.08 during trading on Friday, hitting $5.02. 92,700 shares of the company traded hands, compared to its average volume of 28,722. Identiv has a 1 year low of $3.34 and a 1 year high of $6.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.93 and a current ratio of 1.33. The firm has a market capitalization of $84.31 million, a PE ratio of -16.73 and a beta of 1.44. The company has a 50-day moving average of $4.89 and a 200-day moving average of $4.94.
Several equities research analysts recently weighed in on INVE shares. Imperial Capital dropped their target price on Identiv from $9.50 to $9.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Roth Capital restated a “buy” rating on shares of Identiv in a report on Monday, August 5th. Northland Securities restated a “buy” rating on shares of Identiv in a report on Friday, August 9th. National Securities started coverage on Identiv in a report on Tuesday, July 16th. They set a “buy” rating and a $8.00 target price for the company. Finally, Zacks Investment Research cut Identiv from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.29.
Identiv, Inc operates as a security technology company that secures and manages access to physical places, things, and information primarily in the Americas, Europe, the Middle-East, and the Asia-Pacific. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and acess management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
Recommended Story: Municipal Bonds
Receive News & Ratings for Identiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Identiv and related companies with MarketBeat.com's FREE daily email newsletter.