Fatpipe Inc/UT (NASDAQ:FATN) Coverage Initiated by Analysts at D. Boral Capital

D. Boral Capital began coverage on shares of Fatpipe Inc/UT (NASDAQ:FATN) in a research note issued to investors on Monday,Benzinga reports. The firm issued a buy rating and a $8.00 price target on the stock.

Separately, Weiss Ratings started coverage on shares of Fatpipe Inc/UT in a research note on Tuesday, January 27th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fatpipe Inc/UT has a consensus rating of “Hold” and a consensus target price of $8.00.

Fatpipe Inc/UT Stock Up 13.4%

Shares of FATN stock opened at $1.95 on Monday. Fatpipe Inc/UT has a 52 week low of $1.31 and a 52 week high of $23.27. The firm has a market capitalization of $27.14 million and a P/E ratio of 27.86. The company has a quick ratio of 2.69, a current ratio of 2.74 and a debt-to-equity ratio of 0.20.

Fatpipe Inc/UT (NASDAQ:FATN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.02 earnings per share for the quarter. The company had revenue of $4.09 million during the quarter.

Institutional Trading of Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC purchased a new stake in shares of Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned 0.18% of Fatpipe Inc/UT at the end of the most recent reporting period.

About Fatpipe Inc/UT

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.