Determine, Inc. (NASDAQ:DTRM) was downgraded by investment analysts at Maxim Group from a “buy” rating to a “hold” rating in a report issued on Friday, November 10th, Marketbeat.com reports.
Other research analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Determine in a report on Monday, November 6th. ValuEngine cut shares of Determine from a “hold” rating to a “sell” rating in a report on Saturday, July 22nd.
Shares of Determine (DTRM) traded up $0.02 on Friday, hitting $1.71. 16,800 shares of the stock traded hands, compared to its average volume of 29,873. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.84. Determine has a 1-year low of $1.56 and a 1-year high of $3.93.
Determine (NASDAQ:DTRM) last posted its earnings results on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). Determine had a negative net margin of 30.72% and a negative return on equity of 88.32%. The firm had revenue of $6.89 million during the quarter, compared to analyst estimates of $6.77 million. During the same period in the previous year, the firm earned ($0.28) EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts predict that Determine will post -0.46 earnings per share for the current year.
In other Determine news, major shareholder Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $1.73, for a total transaction of $43,250.00. Following the sale, the insider now directly owns 250,820 shares in the company, valued at $433,918.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.96% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. AWM Investment Company Inc. increased its stake in Determine by 103.2% during the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 739,000 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Determine during the second quarter worth about $203,000. Finally, Renaissance Technologies LLC grew its position in shares of Determine by 24.5% during the first quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after buying an additional 29,500 shares in the last quarter. Institutional investors own 22.90% of the company’s stock.
Determine Company Profile
Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
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