Intrusion (NASDAQ:INTZ) Trading 3.3% Higher – Here’s What Happened

Intrusion Inc. (NASDAQ:INTZ)’s share price traded up 3.3% during trading on Wednesday . The stock traded as high as $1.97 and last traded at $1.87. 287,041 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 373,860 shares. The stock had previously closed at $1.81.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Ascendiant Capital Markets upped their price target on Intrusion from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, May 30th. HC Wainwright upped their price target on Intrusion from $1.50 to $2.50 and gave the company a “neutral” rating in a research note on Monday, July 7th.

Intrusion Trading Up 3.3%

The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.63. The firm has a market cap of $37.21 million, a price-to-earnings ratio of -1.39 and a beta of -1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.97 and a current ratio of 3.97.

Intrusion (NASDAQ:INTZ) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Intrusion had a negative return on equity of 950.79% and a negative net margin of 127.39%. The business had revenue of $1.78 million for the quarter, compared to analyst estimates of $1.65 million. On average, research analysts expect that Intrusion Inc. will post -1.63 earnings per share for the current year.

Hedge Funds Weigh In On Intrusion

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC acquired a new position in Intrusion in the 4th quarter valued at about $31,000. IHT Wealth Management LLC acquired a new position in Intrusion in the 4th quarter valued at about $32,000. Tritonpoint Wealth LLC acquired a new position in Intrusion in the 2nd quarter valued at about $80,000. FNY Investment Advisers LLC acquired a new position in Intrusion in the 2nd quarter valued at about $96,000. Finally, Geode Capital Management LLC grew its position in Intrusion by 47.5% in the 4th quarter. Geode Capital Management LLC now owns 68,662 shares of the company’s stock valued at $211,000 after acquiring an additional 22,119 shares in the last quarter. 19.43% of the stock is owned by institutional investors and hedge funds.

Intrusion Company Profile

Intrusion Inc, a cybersecurity company in the United States. The company offers its customers access to threat intelligence database, which contains the historical data, known associations, and reputational behavior of Internet Protocol addresses. It offers INTRUSION Shield, a zero trust reputation-based Software as a Service solution that inspects and kills dangerous network connections.