Network-1 Technologies (NYSEAMERICAN:NTIP) Shares Cross Below 50 Day Moving Average – What’s Next?

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.55 and traded as low as $1.4605. Network-1 Technologies shares last traded at $1.53, with a volume of 1,038 shares changing hands.

Network-1 Technologies Stock Performance

The company has a 50-day simple moving average of $1.55 and a two-hundred day simple moving average of $1.40. The firm has a market capitalization of $33.62 million, a P/E ratio of -14.75 and a beta of 0.18.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter.

Network-1 Technologies Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 645.0%. Network-1 Technologies’s payout ratio is presently -166.67%.

Hedge Funds Weigh In On Network-1 Technologies

Several large investors have recently made changes to their positions in the business. Clayton Partners LLC boosted its position in shares of Network-1 Technologies by 1.4% in the 1st quarter. Clayton Partners LLC now owns 1,230,020 shares of the company’s stock worth $1,599,000 after purchasing an additional 16,865 shares in the last quarter. Canton Hathaway LLC grew its stake in shares of Network-1 Technologies by 31.6% in the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after acquiring an additional 16,400 shares during the last quarter. Finally, Northern Financial Advisors Inc purchased a new stake in shares of Network-1 Technologies in the third quarter worth $29,000. 29.07% of the stock is currently owned by hedge funds and other institutional investors.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.