Iveda Solutions (OTCMKTS:IVDA) Stock Price Crosses Above 50 Day Moving Average of $1.27

Iveda Solutions, Inc. (OTCMKTS:IVDA – Get Rating) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.27 and traded as high as $1.41. Iveda Solutions shares last traded at $1.30, with a volume of 352,220 shares trading hands.

Wall Street Analyst Weigh In

Separately, Maxim Group upped their target price on Iveda Solutions from $2.00 to $3.00 and gave the company a “buy” rating in a report on Monday, April 3rd.

Iveda Solutions Price Performance

The company has a current ratio of 6.20, a quick ratio of 5.95 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $1.27 and a 200 day moving average price of $1.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Iveda Solutions during the first quarter valued at $27,000. Two Sigma Investments LP acquired a new position in Iveda Solutions during the first quarter valued at $40,000. State Street Corp acquired a new position in Iveda Solutions during the first quarter valued at $62,000. Renaissance Technologies LLC acquired a new position in Iveda Solutions during the first quarter valued at $85,000. Finally, Heritage Wealth Management LLC raised its position in Iveda Solutions by 184.8% during the third quarter. Heritage Wealth Management LLC now owns 127,552 shares of the company’s stock valued at $83,000 after buying an additional 82,767 shares during the period. 15.38% of the stock is owned by institutional investors and hedge funds.

Iveda Solutions Company Profile

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Iveda Solutions, Inc enables cloud video surveillance via its Sentir data and video management platform, utilizing proprietary video streaming and big data storage technology. The firm provides services for telecommunications companies, datacenter operators, ISPs, and cable companies. Its products include IP Video products, IOT Devices & LAN Switches.