Network-1 Technologies (NYSEAMERICAN:NTIP) Shares Up 1.5% – Time to Buy?

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s stock price was up 1.5% on Thursday . The stock traded as high as $1.40 and last traded at $1.35. 60,006 shares were traded during trading, an increase of 474% from the average session volume of 10,456 shares. The stock had previously closed at $1.33.

Network-1 Technologies Stock Performance

The company has a market cap of $30.12 million, a price-to-earnings ratio of -12.00 and a beta of 0.21. The firm has a fifty day moving average price of $1.45 and a 200 day moving average price of $1.43.

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

Institutional Investors Weigh In On Network-1 Technologies

Several hedge funds have recently made changes to their positions in NTIP. Virtu Financial LLC purchased a new stake in Network-1 Technologies in the 3rd quarter worth about $25,000. Northern Financial Advisors Inc acquired a new position in shares of Network-1 Technologies in the 3rd quarter valued at about $29,000. Citadel Advisors LLC purchased a new stake in shares of Network-1 Technologies in the third quarter worth approximately $34,000. Canton Hathaway LLC boosted its holdings in shares of Network-1 Technologies by 31.6% during the third quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock worth $102,000 after purchasing an additional 16,400 shares during the period. Finally, Clayton Partners LLC grew its position in Network-1 Technologies by 1.4% during the first quarter. Clayton Partners LLC now owns 1,230,020 shares of the company’s stock valued at $1,599,000 after purchasing an additional 16,865 shares in the last quarter. Hedge funds and other institutional investors own 29.07% of the company’s stock.

Network-1 Technologies Company Profile

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.