$1.50 Target Price
Scm Microsystems (NASDAQ: INVE)‘s stock had its “in-line” rating reiterated by investment analysts at Imperial Capital in a note issued to investors on Tuesday. They currently have a $1.50 target price on the stock.
The analysts wrote, “We have an In-Line rating and one-year price target of $1.50 on INVE common stock. Our price target implies an EV/revenue multiple of 0.9x our FY12 revenue estimate of $109.7mn. For additional details, please see our previous research report on 5/17/12.”
Scm Microsystems traded down 6.52% on Tuesday, hitting $0.86. Scm Microsystems has a 52-week low of $0.79 and a 52-week high of $2.59. The company’s market cap is $51.3 million.
Separately, analysts at C.K. Cooper upgraded shares of Scm Microsystems from a “hold” rating to a “buy” rating in a research note to investors on Friday, May 11th.
Identive Group, Inc., formerly SCM Microsystems. Inc., is an international technology group focused on secure identification-based technologies.
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