Novatel Wireless Inc (NASDAQ:MIFI) has been downgraded to Hold in a report by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Novatel Wireless Inc (NASDAQ:MIFI) to Hold in a statement released on 10/05/2016.
On 9/6/2016, Northland Securities released a statement for Novatel Wireless Inc (NASDAQ:MIFI) bumped up the target price from $0.00 to $4.75 that suggested an upside of 0.47%.
Boasting a price of $3.09, Novatel Wireless Inc (NASDAQ:MIFI) traded -0.65% lower on the day. With the last stock price close up 50.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Novatel Wireless Inc has recorded a 50-day average of $3.15 and a two hundred day average of $2.04. Volume of trade was down over the average, with 246,733 shares of MIFI changing hands under the typical 526,494
With a total market value of $0, Novatel Wireless Inc has with a one year low of $0.84 and a one year high of $3.80 .
A total of 2 equity analysts have released a research note on MIFI. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $3.00.
More About Novatel Wireless Inc (NASDAQ:MIFI)
Novatel Wireless, Inc. is a provider of intelligent wireless solutions for the mobile communications market. The Company's range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. M2M Products and Solutions includes its M2M embedded modules, integrated M2M communications devices, Ctrack fleet management platform and its service delivery platforms, Crossroads, DMS, the N4A DM and N4A CMS that provide device management and service enablement. Mobile Computing Solutions includes its MiFi brand of intelligent mobile hotspot devices, USB modems and embedded modules that enable Internet access and data transmission and services via cellular wireless networks.
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