Network-1 Technologies (NYSEAMERICAN:NTIP) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.49 and traded as high as $1.64. Network-1 Technologies shares last traded at $1.64, with a volume of 19,939 shares changing hands.

Network-1 Technologies Trading Up 0.6%

The firm’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.45. The stock has a market cap of $37.49 million, a P/E ratio of -14.91 and a beta of 0.13.

Network-1 Technologies (NYSEAMERICAN:NTIP) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTIP. Canton Hathaway LLC raised its stake in shares of Network-1 Technologies by 311.1% during the first quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock valued at $404,000 after purchasing an additional 212,447 shares in the last quarter. Citadel Advisors LLC bought a new position in Network-1 Technologies in the 3rd quarter valued at about $34,000. Finally, Virtu Financial LLC acquired a new position in Network-1 Technologies during the 3rd quarter valued at about $25,000. 29.07% of the stock is owned by institutional investors and hedge funds.

About Network-1 Technologies

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.