Network-1 Technologies (NYSEAMERICAN:NTIP) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.34 and traded as low as $1.27. Network-1 Technologies shares last traded at $1.27, with a volume of 40,296 shares.

Network-1 Technologies Stock Down 3.1%

The company’s 50-day moving average price is $1.34 and its 200-day moving average price is $1.44. The firm has a market cap of $28.98 million, a price-to-earnings ratio of -11.55 and a beta of 0.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTIP. Canton Hathaway LLC grew 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 buying an additional 16,400 shares in the last quarter. Northern Financial Advisors Inc acquired a new position in Network-1 Technologies during the third quarter worth about $29,000. Virtu Financial LLC purchased a new stake in Network-1 Technologies during the 3rd quarter valued at about $25,000. Cannell Capital LLC raised its holdings in Network-1 Technologies by 191.4% in the 3rd quarter. Cannell Capital LLC now owns 1,070,123 shares of the company’s stock valued at $1,605,000 after acquiring an additional 702,833 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Network-1 Technologies in the 3rd quarter valued at about $34,000. 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.