Crossroads Systems Inc. (NASDAQ:CRDS) rose 2.8% during trading on Thursday . The company traded as high as $6.28 and last traded at $6.15, with a volume of 69,893 shares changing hands. The stock had previously closed at $5.98.

Separately, Zacks Investment Research downgraded Crossroads Systems from a “hold” rating to a “sell” rating in a research report on Friday.

The stock’s market cap is $6.86 million. The firm’s 50-day moving average price is $4.98 and its 200 day moving average price is $6.46.

Crossroads Systems (NASDAQ:CRDS) last released its earnings results on Thursday, June 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. On average, equities analysts forecast that Crossroads Systems Inc. will post ($9.60) EPS for the current fiscal year.

Crossroads Systems, Inc is a global provider of data archive solutions. The Company develops products that address specific information technology (IT) challenges, such as storing and protecting business-critical data. The Company’s solutions solve data management problems involving storage, protection, and archiving.

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