Inventergy Global (INVT) : During the past 4 weeks, traders have been relatively bearish on Inventergy Global (INVT), hence the stock is down -14.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.38% relative to the S&P 500. The 4-week change in the price of the stock is -8.55% and the stock has fallen -4.79% in the past 1 week.
Inventergy Global (NASDAQ:INVT): The stock opened at $1.42 on Friday but the bulls could not build on the opening and the stock topped out at $1.74 for the day. The stock traded down to $1.39 during the day, due to lack of any buying support eventually closed down at $1.39 with a loss of -2.11% for the day. The stock had closed at $1.42 on the previous day. The total traded volume was 739,039 shares.
The stock has recorded a 20-day Moving Average of 6.99% and the 50-Day Moving Average is 12.6%. Inventergy Global, Inc. has dropped 25.67% during the last 3-month period . Year-to-Date the stock performance stands at -13.66%.
Inventergy Global, Inc. is an intellectual property (IP) investment and licensing company. The Company offers clients a professional corporate licensing model for IP value creation. The Companys intellectual property primarily consists of asset portfolios it has acquired from clients for the purpose of monetizing such patents. The IP Multimedia Subsystem (IMS) and voice over IP (VOIP) portfolios cover the core network enabling functionality, such as Mobile Video delivery and Mobile High Definition Audio, as well as enabling services like triple play (phone, television and data) offered by fixed line/cable operators and enterprise VOIP solutions. The Mobile Broadband portfolio consists of approximately 331 third generation (3G) patent assets and 142 fourth generation (4G) patent assets.