Inventergy Global Inc. (INVT) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of INVT have risen 5.16% to $1.63 after closing the day prior at $1.55. In the first two and a half hours of trading, the stock has gone as high as $1.68 and as low as $1.6. Today’s rise has come with about 19,746 shares changing hands, compared to an average 30-day volume of 183,802 for Inventergy Global Inc.. The price is currently below the 30-day volume weighted average price of $1.63 for INVT.
The share appreciation gives the company a market capitalization of $7.62 million based upon 4.92 million shares outstanding. It also means that INVT has a price-to-book ratio of 4.7:1.
In the past 52 weeks, shares of INVT have traded as low as $0.71 and as high as $4.18. Technical traders will take note that at $1.63, shares of INVT are trading below their 200-day MA at $1.7 and above their 50-day MA at $1.49. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is INVT?
Inventergy Global Inc is an intellectual property (IP) investment and licensing company that helps technology corporations attain greater value from their IP assets in support of their business objectives and corporate brands. The company’s 8 employees are led by CEO Joseph W. Beyers from the corporate headquarters at 900 E. Hamilton Avenue in Campbell, CA.
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