Network-1 Technologies (NTIP) Earns Daily Coverage Optimism Score of 0.15
News coverage about Network-1 Technologies (NYSE:NTIP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Network-1 Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.7911009640423 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Network-1 Technologies (NYSE:NTIP) opened at 4.20 on Tuesday. The company has a market capitalization of $102.18 million and a P/E ratio of 4.93. The firm has a 50-day moving average of $4.07 and a 200-day moving average of $4.23. Network-1 Technologies has a one year low of $2.50 and a one year high of $5.05.
Network-1 Technologies (NYSE:NTIP) last issued its earnings results on Monday, May 15th. The company reported $0.09 EPS for the quarter. The firm had revenue of $6.22 million during the quarter. Network-1 Technologies had a return on equity of 16.84% and a net margin of 36.46%.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.05 per share. This represents a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, August 30th.
Network-1 Technologies declared that its Board of Directors has approved a stock buyback program on Friday, June 16th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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In other news, major shareholder Steven D. Heinemann sold 74,294 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $4.75, for a total value of $352,896.50. Following the completion of the transaction, the insider now owns 585,233 shares of the company’s stock, valued at $2,779,856.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Steven D. Heinemann sold 31,326 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $4.62, for a total value of $144,726.12. Following the completion of the sale, the insider now owns 585,233 shares in the company, valued at $2,703,776.46. The disclosure for this sale can be found here.
Network-1 Technologies Company Profile
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