Xura Inc (MESG) Sees Unusually-High Trading Volume
Xura Inc (NASDAQ:MESG) saw unusually-high trading volume on Tuesday . Approximately 286,415 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 191,941 shares.The stock last traded at $24.90 and had previously closed at $24.89.
MESG has been the subject of a number of research reports. B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of Xura in a research report on Friday, April 22nd. Zacks Investment Research cut shares of Xura from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Craig Hallum cut shares of Xura from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
The company’s 50 day moving average price is $24.72 and its 200 day moving average price is $22.18. The firm has a market capitalization of $622.20 million and a price-to-earnings ratio of 4.55.
Xura (NASDAQ:MESG) last posted its quarterly earnings data on Monday, June 27th. The company reported ($1.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.76. Equities analysts anticipate that Xura Inc will post ($0.26) EPS for the current fiscal year.
Xura, Inc, formerly Comverse, Inc, is a provider of digital communications solutions for communication service providers (CSPs), enterprises and application providers. The Company offers digital communications solutions to create monetizable services with both existing and emerging technologies, such as voice over long-term evolution (VoLTE), rich communication services (RCS) credit orchestration and Internet protocol (IP) messaging and Web real-time communications (WebRTC).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.