Iveda Solutions (NASDAQ:IVDA) Stock Price Down 0.3% – What’s Next?

Iveda Solutions, Inc. (NASDAQ:IVDA) dropped 0.3% during mid-day trading on Thursday . The company traded as low as $2.95 and last traded at $3.02. Approximately 70,385 shares were traded during trading, a decline of 51% from the average daily volume of 143,377 shares. The stock had previously closed at $3.03.

Iveda Solutions Price Performance

The firm has a market capitalization of $8.03 million, a price-to-earnings ratio of -1.86 and a beta of 0.71. The company has a current ratio of 2.45, a quick ratio of 2.04 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $3.81.

Institutional Trading of Iveda Solutions

A hedge fund recently raised its stake in Iveda Solutions stock. Geode Capital Management LLC raised its stake in shares of Iveda Solutions, Inc. (NASDAQ:IVDA) by 65.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,008 shares of the company’s stock after buying an additional 9,938 shares during the quarter. Geode Capital Management LLC owned about 0.94% of Iveda Solutions worth $124,000 at the end of the most recent quarter. 4.30% of the stock is currently owned by hedge funds and other institutional investors.

About Iveda Solutions

Iveda Solutions, Inc provides artificial intelligence (AI) and digital transformation technologies in the United States and Taiwan. The company offers IvedaAI, a deep-learning video analytics software and Sentir Video, a video surveillance solution for various kinds of applications. It also provides Cerebro IoT Platform, a software technology platform that integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices, and IvedaSPS, a smart power solution utilizing in Cerebro IoT platform, and IvedaXpress, a system for pre-existing IP cameras and AI analytics for servers and IT department.