Asure Software Inc. (ASUR) Stock Price Down 7.8%
Shares of Asure Software Inc. (NASDAQ:ASUR) fell 7.8% during mid-day trading on Tuesday . The stock traded as low as $4.98 and last traded at $4.98, with a volume of 72,660 shares. The stock had previously closed at $5.40.
Separately, Zacks Investment Research downgraded Asure Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 24th.
The firm’s market cap is $31.33 million. The firm’s 50 day moving average is $4.85 and its 200 day moving average is $5.12.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.17. The business earned $9.70 million during the quarter, compared to the consensus estimate of $7.20 million. On average, analysts expect that Asure Software Inc. will post $0.08 earnings per share for the current fiscal year.
In other news, CEO Patrick Goepel purchased 14,500 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $75,400.00. Following the completion of the purchase, the chief executive officer now directly owns 600,097 shares of the company’s stock, valued at approximately $3,120,504.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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