Intrusion (NASDAQ:INTZ) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Intrusion (NASDAQ:INTZGet Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Intrusion Inc. is a leading global provider of enterprise security solutions for the information-driven economy. Intrusion Inc.’s suite of security products help businesses protect critical information assets by quickly detecting, analyzing and responding to network- and host-based attacks. “

Several other equities analysts have also recently commented on INTZ. HC Wainwright dropped their target price on shares of Intrusion from $4.00 to $2.50 and set a neutral rating on the stock in a research report on Monday, March 21st. B. Riley dropped their price target on Intrusion from $2.75 to $2.25 in a report on Friday, May 13th.

Shares of Intrusion stock opened at $2.80 on Wednesday. The stock has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $3.21. Intrusion has a 12-month low of $1.74 and a 12-month high of $18.36. The company has a current ratio of 1.20, a quick ratio of 1.62 and a debt-to-equity ratio of 1.88.

Intrusion (NASDAQ:INTZGet Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.01. Intrusion had a negative net margin of 261.11% and a negative return on equity of 379.40%. The firm had revenue of $1.65 million during the quarter, compared to analyst estimates of $2.38 million. During the same quarter in the prior year, the business posted ($0.17) EPS. On average, research analysts anticipate that Intrusion will post -0.65 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in INTZ. Brown Advisory Inc. bought a new position in shares of Intrusion during the 4th quarter valued at approximately $34,000. Advisor Group Holdings Inc. grew its holdings in Intrusion by 44.3% during the third quarter. Advisor Group Holdings Inc. now owns 67,583 shares of the company’s stock valued at $274,000 after purchasing an additional 20,737 shares during the period. Geode Capital Management LLC increased its position in Intrusion by 17.3% in the third quarter. Geode Capital Management LLC now owns 141,084 shares of the company’s stock worth $572,000 after buying an additional 20,788 shares during the last quarter. Redmond Asset Management LLC raised its stake in shares of Intrusion by 4.9% in the first quarter. Redmond Asset Management LLC now owns 455,873 shares of the company’s stock valued at $1,131,000 after buying an additional 21,315 shares during the period. Finally, Sargent Investment Group LLC bought a new stake in shares of Intrusion in the first quarter valued at $61,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.

About Intrusion (Get Rating)

Intrusion Inc, together with its subsidiaries, develops, markets, and supports entity identification, data mining, cybercrime, and advanced persistent threat detection products in the United States. It offers INTRUSION Shield, a cybersecurity solution based on security-as-a-service solution to identify and stop Zero-Day and ransomware attacks.

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