iPass (IPAS) Shares Down 6.1%
iPass Inc. (NASDAQ:IPAS) shares traded down 6.1% on Thursday . The stock traded as low as $0.45 and last traded at $0.46. 920,912 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 523,967 shares. The stock had previously closed at $0.49.
Several research analysts have weighed in on the company. Roth Capital assumed coverage on iPass in a report on Wednesday, January 17th. They issued a “buy” rating and a $2.00 price target for the company. Zacks Investment Research raised shares of iPass from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Maxim Group reissued a “buy” rating and set a $2.00 price objective on shares of iPass in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.22.
The firm has a market cap of $30.69, a P/E ratio of -1.58 and a beta of -0.34.
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iPass Company Profile
iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.
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