Network-1 Technologies (NYSEAMERICAN:NTIP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.63. Network-1 Technologies shares last traded at $1.63, with a volume of 86,822 shares trading hands.

Network-1 Technologies Price Performance

The company has a 50-day moving average of $1.42. The company has a market capitalization of $37.15 million, a price-to-earnings ratio of -16.30 and a beta of 0.07.

Network-1 Technologies Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 19th will be paid a $0.05 dividend. The ex-dividend date is Friday, September 19th. This represents a yield of 617.0%. Network-1 Technologies’s dividend payout ratio (DPR) is presently -166.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC grew its stake in Network-1 Technologies by 52.2% in the 4th quarter. Citadel Advisors LLC now owns 31,413 shares of the company’s stock valued at $42,000 after buying an additional 10,773 shares during the last quarter. Clayton Partners LLC increased its position in 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 buying an additional 16,865 shares during the period. Canton Hathaway LLC bought a new position in Network-1 Technologies in the 1st quarter worth approximately $67,000. Round Rock Advisors LLC increased its position in Network-1 Technologies by 171.7% in the 1st quarter. Round Rock Advisors LLC now owns 332,105 shares of the company’s stock worth $432,000 after buying an additional 209,865 shares during the period. Finally, Principal Street Partners LLC increased its position in Network-1 Technologies by 124.7% in the 4th quarter. Principal Street Partners LLC now owns 36,479 shares of the company’s stock worth $49,000 after buying an additional 20,245 shares during the period. 29.07% of the stock is currently owned by institutional investors and hedge funds.

About Network-1 Technologies

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.