Majesco (NASDAQ:MJCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 price objective on shares of Majesco and gave the company a “buy” rating in a research note on Wednesday, August 3rd.

Majesco (NASDAQ:MJCO) opened at 5.01 on Wednesday. The stock has a 50 day moving average of $5.11 and a 200 day moving average of $5.54. Majesco has a one year low of $4.21 and a one year high of $6.74. The firm’s market capitalization is $182.73 million.

Majesco (NASDAQ:MJCO) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company earned $32.60 million during the quarter, compared to analyst estimates of $23.20 million. Analysts forecast that Majesco will post $0.01 earnings per share for the current year.

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