Network-1 Technologies (NYSEAMERICAN:NTIP) Issues Earnings Results

Network-1 Technologies (NYSEAMERICAN:NTIP) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.

Network-1 Technologies Stock Up 1.3%

NTIP stock traded up $0.02 during mid-day trading on Thursday, hitting $1.62. The company had a trading volume of 23,598 shares, compared to its average volume of 238,287. The company has a market capitalization of $37.03 million, a price-to-earnings ratio of -14.73 and a beta of 0.12. Network-1 Technologies has a 12-month low of $1.24 and a 12-month high of $1.90. The company has a 50-day moving average price of $1.51 and a 200 day moving average price of $1.46.

Institutional Investors Weigh In On Network-1 Technologies

Several large investors have recently made changes to their positions in NTIP. Virtu Financial LLC purchased a new stake in shares of Network-1 Technologies in the third quarter worth about $25,000. Citadel Advisors LLC bought a new stake in Network-1 Technologies in the 3rd quarter worth approximately $34,000. Finally, Canton Hathaway LLC increased its stake in Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after acquiring an additional 212,447 shares during the last quarter. 29.07% of the stock is owned by institutional investors.

About Network-1 Technologies

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.