Epiq Systems Inc. (EPIQ) Sees Strong Trading Volume
Epiq Systems Inc. (NASDAQ:EPIQ) saw unusually-strong trading volume on Wednesday . Approximately 357,370 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 287,575 shares.The stock last traded at $16.44 and had previously closed at $16.44.
Several research analysts have recently weighed in on EPIQ shares. Zacks Investment Research downgraded shares of Epiq Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Barrington Research downgraded shares of Epiq Systems from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 11th.
The stock’s market cap is $626.03 million. The firm has a 50-day moving average of $15.92 and a 200-day moving average of $14.76.
Epiq Systems (NASDAQ:EPIQ) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. The firm had revenue of $130.65 million for the quarter, compared to analyst estimates of $146.74 million. Epiq Systems’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. On average, analysts predict that Epiq Systems Inc. will post $0.89 EPS for the current year.
Epiq Systems, Inc (Epiq) is a provider of professional services and integrated technology for the legal profession. The Company operates in two segments: the Technology segment (Technology), which provides eDiscovery managed services and technology solutions consisting of consulting, collections and forensics, processing, search and review, production of documents and document review services to companies and law firms, and the Bankruptcy and Settlement Administration segment (Bankruptcy and Settlement Administration), which provides managed services and technology solutions that address the needs of its customers with respect to litigation, claims and project administration, compliance matters, controlled disbursements, corporate restructuring, bankruptcy and class action proceedings.
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