Inpixon (INPX) Stock Price Down 7.7%
Inpixon (NASDAQ:INPX) dropped 7.7% on Tuesday . The company traded as low as $0.12 and last traded at $0.12. Approximately 2,568,222 shares changed hands during trading, an increase of 42% from the average daily volume of 1,807,780 shares. The stock had previously closed at $0.13.
The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 0.05.
A hedge fund recently bought a new stake in Inpixon stock. Sabby Management LLC purchased a new position in shares of Inpixon (NASDAQ:INPX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 366,925 shares of the technology company’s stock, valued at approximately $394,000. Sabby Management LLC owned about 3.90% of Inpixon at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.44% of the company’s stock.
Inpixon, through its subsidiaries, provides big data analytics and location based products and related services for the cyber-security and Internet of things markets worldwide. The company operates in two segments, Indoor Positioning Analytics and Infrastructure. The Indoor Positioning Analytics segment offers various products and services, which are delivered on premise or in the Cloud, as well as hosted Software-as-a-Service based solutions.
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