Inpixon (NASDAQ:INPX) Shares Down 9.1%

Inpixon (NASDAQ:INPX) shares were down 9.1% during trading on Thursday . The company traded as low as $0.10 and last traded at $0.10, approximately 7,505,448 shares traded hands during mid-day trading. An increase of 276% from the average daily volume of 1,998,469 shares. The stock had previously closed at $0.11.

The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $0.13 and a 200 day moving average price of $0.50.

Inpixon (NASDAQ:INPX) last issued its earnings results on Wednesday, August 14th. The technology company reported ($0.48) EPS for the quarter. Inpixon had a negative return on equity of 205.75% and a negative net margin of 489.84%. The company had revenue of $1.49 million during the quarter.

A hedge fund recently raised its stake in Inpixon stock. Verition Fund Management LLC boosted its position in Inpixon (NASDAQ:INPX) by 45.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 approximately 3.43% of Inpixon worth $300,000 at the end of the most recent quarter. 2.39% of the stock is currently 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.

Read More: Earnings Per Share

Receive News & Ratings for Inpixon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inpixon and related companies with's FREE daily email newsletter.