Sysorex Global (INPX) Shares Up -3.5%

Sysorex Global (NASDAQ:INPX)’s share price shot up 3.5% during trading on Tuesday . The company traded as high as $0.43 and last traded at $0.39. 1,059,525 shares were traded during trading, a decline of 57% from the average session volume of 2,454,210 shares. The stock had previously closed at $0.40.

A number of brokerages recently commented on INPX. Zacks Investment Research upgraded Sysorex Global from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley restated a “neutral” rating and set a $0.25 target price on shares of Sysorex Global in a report on Tuesday, August 22nd.

The company’s 50-day moving average price is $0.29 and its 200 day moving average price is $1.27. The stock’s market capitalization is $4.00 million.

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About Sysorex Global

Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.

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