Intrusion (NASDAQ:INTZ) Trading Down 6.5% – Time to Sell?

Intrusion Inc. (NASDAQ:INTZ) traded down 6.5% during trading on Thursday . The company traded as low as $1.26 and last traded at $1.30. 718,610 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,622,191 shares. The stock had previously closed at $1.39.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Ascendiant Capital Markets lowered their price target on shares of Intrusion from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. HC Wainwright restated a “neutral” rating and set a $1.00 target price on shares of Intrusion in a report on Wednesday, November 13th.

Intrusion Stock Performance

The business has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.22. The firm has a market capitalization of $21.96 million, a price-to-earnings ratio of -0.68 and a beta of -0.63.

Institutional Investors Weigh In On Intrusion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC purchased a new position in Intrusion in the fourth quarter worth approximately $31,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 22,119 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of Intrusion during the 4th quarter worth $32,000. 19.43% of the stock is currently owned by institutional investors and hedge funds.

About Intrusion

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.