Safeguard Scientifics (NYSE:SFE) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Safeguard Scientifics (NYSE:SFE) from a hold rating to a sell rating in a research report released on Tuesday, November 14th.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Safeguard Scientifics from a hold rating to a buy rating and set a $16.00 target price on the stock in a research report on Thursday, November 2nd. BidaskClub lowered shares of Safeguard Scientifics from a buy rating to a hold rating in a research report on Tuesday, July 25th.

Safeguard Scientifics (SFE) traded down $0.05 during trading hours on Tuesday, reaching $12.35. 106,247 shares of the company were exchanged, compared to its average volume of 85,027. Safeguard Scientifics has a 1 year low of $10.65 and a 1 year high of $14.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported ($0.91) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.20. During the same quarter in the previous year, the business earned ($1.18) earnings per share. analysts forecast that Safeguard Scientifics will post -4.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in shares of Safeguard Scientifics by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,819 shares of the asset manager’s stock worth $1,212,000 after purchasing an additional 469 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Safeguard Scientifics by 3.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 17,132 shares of the asset manager’s stock worth $204,000 after buying an additional 513 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Safeguard Scientifics by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,327 shares of the asset manager’s stock worth $1,040,000 after buying an additional 570 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Safeguard Scientifics by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 15,951 shares of the asset manager’s stock worth $203,000 after buying an additional 791 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Safeguard Scientifics by 7.2% during the 1st quarter. American International Group Inc. now owns 12,407 shares of the asset manager’s stock worth $158,000 after buying an additional 833 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

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About Safeguard Scientifics

Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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