Top Image Systems Ltd. (NASDAQ:TISA) rose 4.5% during mid-day trading on Monday . The company traded as high as $2.16 and last traded at $2.07, with a volume of 216,572 shares traded. The stock had previously closed at $1.98.

Separately, Zacks Investment Research raised Top Image Systems from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Saturday, May 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.20.

The firm’s market capitalization is $35.84 million. The company has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.91.

Top Image Systems (NASDAQ:TISA) last released its earnings results on Tuesday, May 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business earned $8.50 million during the quarter, compared to the consensus estimate of $7.13 million. Equities research analysts anticipate that Top Image Systems Ltd. will post ($0.03) EPS for the current year.

Top Image Systems Ltd. (TIS) develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. TIS solutions deliver digital content to the applications that drive an enterprise by using technologies, including wireless communications, servers, form processing and information recognition systems.

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