Network-1 Technologies (NYSEAMERICAN:NTIP – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, FiscalAI reports.
Network-1 Technologies Trading Down 1.9%
Shares of NTIP traded down $0.03 on Friday, reaching $1.59. 18,588 shares of the company’s stock traded hands, compared to its average volume of 31,376. The stock has a market cap of $36.35 million, a PE ratio of -13.25 and a beta of 0.12. The stock’s 50 day simple moving average is $1.51 and its two-hundred day simple moving average is $1.46. Network-1 Technologies has a 52-week low of $1.24 and a 52-week high of $1.90.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NTIP. BlackRock Inc. purchased a new position in Network-1 Technologies in the second quarter valued at about $73,000. Canton Hathaway LLC increased its holdings in Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after acquiring an additional 212,447 shares during the last quarter. Citadel Advisors LLC bought a new stake in Network-1 Technologies in the 3rd quarter valued at about $34,000. Finally, Virtu Financial LLC bought a new stake in Network-1 Technologies in the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own 29.07% of the company’s stock.
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.
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