Intrusion (NASDAQ:INTZ) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Intrusion (NASDAQ:INTZ) from a sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “Intrusion Inc. is a leading global provider of enterprise security solutions for the information-driven economy. Intrusion Inc.’s suite of security products help businesses protect critical information assets by quickly detecting, analyzing and responding to network- and host-based attacks. “

Separately, HC Wainwright decreased their price target on shares of Intrusion from $5.00 to $4.50 and set a neutral rating for the company in a research report on Friday, November 12th.

INTZ stock opened at $3.60 on Wednesday. The company has a 50 day simple moving average of $3.80 and a 200 day simple moving average of $5.32. Intrusion has a 1 year low of $3.05 and a 1 year high of $29.90. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.09.

Intrusion (NASDAQ:INTZ) last released its quarterly earnings data on Thursday, November 11th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.09). Intrusion had a negative return on equity of 167.23% and a negative net margin of 261.81%. The company had revenue of $1.82 million for the quarter, compared to analyst estimates of $2.31 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Research analysts forecast that Intrusion will post -0.95 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in INTZ. Pinz Capital Management LP bought a new stake in shares of Intrusion in the 2nd quarter valued at $110,000. Two Sigma Investments LP bought a new stake in shares of Intrusion in the 3rd quarter valued at $174,000. Millennium Management LLC boosted its stake in shares of Intrusion by 91.1% in the 3rd quarter. Millennium Management LLC now owns 53,447 shares of the company’s stock valued at $217,000 after purchasing an additional 25,483 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Intrusion in the 2nd quarter valued at $246,000. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Intrusion by 44.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 67,583 shares of the company’s stock valued at $274,000 after purchasing an additional 20,737 shares during the last quarter. Hedge funds and other institutional investors own 20.57% of the company’s stock.

About Intrusion

Intrusion, Inc engages in the provision of network security solutions. It specializes in the development and marketing of entity identification, high speed data mining cybercrime and advanced persistent threat detection products. The company supports a range of customers including United States federal government entities, local government, banks, airlines, credit unions, and other financial institutions as well as hospitals, and other healthcare providers by providing products such as TraceCop for identity discovery and disclosure, and Savant for network data mining and advanced persistent threat detection.

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