Identive Group Stock Soars (INVE)

NEW YORK ( TheStreet) -- Shares of Identive Group (Nasdaq: INVE) have taken a tremendous swing upward. The stock is trading at $3.38 as of 9:53 a.m. ET, 27.1% above Monday's closing price of $2.66. Volume is at two million, 26.3 times the daily average of 77,700.

Identive Group has a market cap of $127.7 million and is part of the technology sector and computer hardware industry. Shares are up 5.6% year to date as of the close of trading on Monday.

Identive Group, Inc. provides products and solutions in the areas of physical and logical access control, identity management, and radio frequency identification (RFID) systems to governments, commercial and industrial enterprises, and consumers worldwide.

TheStreet Ratings rates Identive Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Identive Group Ratings Report.

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