Intelligent Protection Management (NASDAQ:IPM) Trading Down 2% – Time to Sell?

Intelligent Protection Management Corp. (NASDAQ:IPM)’s stock price fell 2% on Tuesday . The stock traded as low as $1.92 and last traded at $1.93. 78,980 shares changed hands during trading, a decline of 12% from the average session volume of 89,619 shares. The stock had previously closed at $1.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Intelligent Protection Management in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.00.

Intelligent Protection Management Stock Performance

The company has a market capitalization of $17.83 million, a P/E ratio of -10.72 and a beta of 0.75. The stock has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.99.

Intelligent Protection Management (NASDAQ:IPM) last released its earnings results on Tuesday, August 12th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $5.72 million during the quarter.

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.