Iveda Solutions (NASDAQ:IVDA) Trading Down 0.3% – Here’s Why

Shares of Iveda Solutions, Inc. (NASDAQ:IVDA) were down 0.3% on Thursday . The stock traded as low as $2.95 and last traded at $3.02. Approximately 70,385 shares were traded during mid-day 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 company has a current ratio of 2.45, a quick ratio of 2.04 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.03 million, a PE ratio of -1.86 and a beta of 0.71. The firm has a 50 day simple moving average of $3.81.

Hedge Funds Weigh In On Iveda Solutions

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

Iveda Solutions Company Profile

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.