Inpixon (INPX) Shares Up 23.5%

Inpixon (NASDAQ:INPX) shares shot up 23.5% on Monday . The company traded as high as $0.42 and last traded at $0.42. 5,155,265 shares traded hands during trading, an increase of 316% from the average session volume of 1,239,621 shares. The stock had previously closed at $0.34.

Separately, B. Riley reissued a “neutral” rating and set a $0.25 price objective on shares of Inpixon in a research note on Tuesday, August 22nd.

The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of -0.13.

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About Inpixon

Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.

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