Sysorex Global (INPX) Trading Up 10%
Sysorex Global (NASDAQ:INPX)’s share price was up 10% during trading on Friday . The stock traded as high as $0.37 and last traded at $0.33. Approximately 2,416,301 shares were traded during mid-day trading, an increase of 106% from the average daily volume of 1,170,188 shares. The stock had previously closed at $0.30.
Separately, B. Riley restated a “neutral” rating and issued a $0.25 price objective on shares of Sysorex Global in a research report on Sunday, August 27th.
The company has a quick ratio of 0.35, a current ratio of 0.31 and a debt-to-equity ratio of -0.13.
About Sysorex Global
Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.
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