Covisint Corp. (COVS) Sees Strong Trading Volume
Shares of Covisint Corp. (NASDAQ:COVS) saw an uptick in trading volume on Tuesday . 70,893 shares were traded during trading, an increase of 33% from the previous session’s volume of 53,274 shares.The stock last traded at $2.29 and had previously closed at $2.29.
A number of brokerages have issued reports on COVS. Zacks Investment Research raised Covisint Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. Credit Suisse Group AG reaffirmed a “sell” rating and set a $1.75 price target on shares of Covisint Corp. in a research note on Tuesday, June 7th.
The stock’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.03. The stock’s market capitalization is $88.86 million.
Covisint Corp. (NASDAQ:COVS) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.01. On average, equities research analysts predict that Covisint Corp. will post ($0.29) earnings per share for the current year.
Covisint Corporation provides cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. The Company’s Platform-as-a-Service offering enables global organizations to securely connect, engage and collaborate with large, extended networks of customers, business partners, suppliers and other third parties.
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