Intrusion (NASDAQ:INTZ) Stock Price Down 6.5% – Should You Sell?

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

Analyst Ratings Changes

Several research firms have issued reports on INTZ. Ascendiant Capital Markets cut their target price on Intrusion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. HC Wainwright reissued a “neutral” rating and set a $1.00 target price on shares of Intrusion in a research note on Wednesday, November 13th.

Intrusion Stock Down 5.4 %

The firm has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.22. The firm has a market capitalization of $20.77 million, a PE ratio of -0.64 and a beta of -0.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Intrusion by 47.5% in the fourth 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 period. IHT Wealth Management LLC purchased a new position in Intrusion in the fourth quarter valued at $32,000. Finally, LPL Financial LLC purchased a new position in Intrusion in the fourth quarter valued at $31,000. 19.43% of the stock is currently owned by hedge funds and other institutional investors.

Intrusion Company Profile

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.