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 Friday . The stock has a 50-day moving average of $1.38 and traded as low as $1.31. Network-1 Technologies shares last traded at $1.3288, with a volume of 42,054 shares.

Network-1 Technologies Price Performance

The stock has a 50 day simple moving average of $1.38 and a two-hundred day simple moving average of $1.44. The company has a market cap of $30.32 million, a price-to-earnings ratio of -12.08 and a beta of 0.16.

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

Hedge Funds Weigh In On Network-1 Technologies

Several large investors have recently modified their holdings of NTIP. Virtu Financial LLC acquired a new stake in shares of Network-1 Technologies during the 3rd quarter worth about $25,000. Northern Financial Advisors Inc purchased a new position in Network-1 Technologies during the third quarter worth about $29,000. Citadel Advisors LLC acquired a new stake in shares of Network-1 Technologies during the third quarter valued at about $34,000. Canton Hathaway LLC raised its stake in shares of Network-1 Technologies by 31.6% in the 3rd quarter. Canton Hathaway LLC now owns 68,291 shares of the company’s stock valued at $102,000 after acquiring an additional 16,400 shares during the period. Finally, Cannell Capital LLC lifted its holdings in shares of Network-1 Technologies by 191.4% in the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock worth $1,605,000 after acquiring an additional 702,833 shares during the last quarter. Institutional investors and hedge funds 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.