Inpixon (INPX) Stock Price Down 12%

Inpixon (NASDAQ:INPX)’s share price was down 12% during mid-day trading on Monday . The company traded as low as $0.21 and last traded at $0.22. Approximately 2,673,400 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 1,348,286 shares. The stock had previously closed at $0.25.

Separately, B. Riley restated a “neutral” rating and issued a $0.25 price objective on shares of Inpixon in a research report on Sunday, August 27th.

The company has a current ratio of 0.31, a quick ratio of 0.30 and a debt-to-equity ratio of -0.13. The firm has a market capitalization of $3.70, a PE ratio of -0.02 and a beta of 2.31.

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Inpixon Company Profile

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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