Inpixon (NASDAQ:INPX) Shares Down 1.8%

Inpixon (NASDAQ:INPX)’s share price fell 1.8% during mid-day trading on Monday . The stock traded as low as $0.15 and last traded at $0.16, 241,722 shares traded hands during trading. A decline of 85% from the average session volume of 1,612,404 shares. The stock had previously closed at $0.16.

The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $0.39 and its 200-day moving average is $0.85.

A hedge fund recently raised its stake in Inpixon stock. Verition Fund Management LLC boosted its stake in shares of Inpixon (NASDAQ:INPX) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,295 shares of the technology company’s stock after purchasing an additional 147,089 shares during the quarter. Verition Fund Management LLC owned 3.43% of Inpixon worth $300,000 at the end of the most recent quarter. 7.95% of the stock is owned by hedge funds and other institutional investors.



About Inpixon (NASDAQ:INPX)

Inpixon, through its subsidiaries, provides big data analytics and location based products and related services for the cyber-security and Internet of things markets worldwide. The company operates in two segments, Indoor Positioning Analytics and Infrastructure. The Indoor Positioning Analytics segment offers various products and services, which are delivered on premise or in the Cloud, as well as hosted Software-as-a-Service based solutions.

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