Intelligent Protection Management (NASDAQ:IPM) Stock Falls 0.6% – Time to Sell?

Shares of Intelligent Protection Management Corp. (NASDAQ:IPM) were down 0.6% during mid-day trading on Friday. The company traded as low as $1.78 and last traded at $1.78. 4,435 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 7,119 shares. The stock had previously closed at $1.79.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Intelligent Protection Management to a “hold” rating in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Intelligent Protection Management in a report on Tuesday, July 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Intelligent Protection Management Price Performance

The company has a market cap of $16.09 million, a PE ratio of -6.36 and a beta of 1.44. The business has a 50 day moving average of $1.85 and a 200 day moving average of $1.81.

Intelligent Protection Management (NASDAQ:IPM) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.10) earnings per share (EPS) for the quarter. Intelligent Protection Management had a negative net margin of 14.80% and a negative return on equity of 21.13%. The company had revenue of $6.46 million for the quarter. Sell-side analysts forecast that Intelligent Protection Management Corp. will post 0.09 EPS for the current fiscal year.

Intelligent Protection Management Company Profile

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.