Intelligent Protection Management (NASDAQ:IPM) Shares Down 1.4% – What’s Next?

Shares of Intelligent Protection Management Corp. (NASDAQ:IPM) traded down 1.4% on Thursday . The company traded as low as $1.7750 and last traded at $1.7750. Approximately 5,151 shares were traded during trading, a decline of 73% from the average daily volume of 18,903 shares. The stock had previously closed at $1.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Tuesday, July 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Intelligent Protection Management has an average rating of “Sell”.

Intelligent Protection Management Trading Up 1.4%

The firm has a market capitalization of $16.27 million, a price-to-earnings ratio of -6.92 and a beta of 0.46. The business’s fifty day moving average price is $1.82 and its 200 day moving average price is $1.77.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%. The company had revenue of $6.35 million during the quarter.

Hedge Funds Weigh In On Intelligent Protection Management

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Intelligent Protection Management in the fourth quarter valued at $28,000. Virtu Financial LLC bought a new position in Intelligent Protection Management during the third quarter valued at about $43,000. Finally, Renaissance Technologies LLC grew its holdings in Intelligent Protection Management by 50.1% during the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after acquiring an additional 18,400 shares during the period. 3.88% of the stock is currently owned by institutional investors and hedge funds.

About Intelligent Protection Management

Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm’s product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.