By midday, shares had taken off 12.7% to 96 cents. Trading volume of 2.5 million had exceeded its three-month daily average of 2.3 million.
Since the beginning of the week, the stock is down 14.2%.
The drop followed the mobile security software developer's fiscal 2013 report. Intellicheck recorded full-year revenue of $7.3 million, 17.1% lower year on year. Net losses of 9 cents a share were a penny wider than a year earlier.
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TheStreet Ratings team rates INTELLICHECK MOBILISA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTELLICHECK MOBILISA INC (IDN) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow."
- You can view the full analysis from the report here: IDN Ratings Report