Crossroads Systems Inc. (CRDS) Shares Down 12.7%
Crossroads Systems Inc. (NASDAQ:CRDS) shares were down 12.7% during trading on Monday . The stock traded as low as $5.63 and last traded at $5.84, with a volume of 50,741 shares traded. The stock had previously closed at $6.69.
The company has a 50-day moving average of $4.83 and a 200 day moving average of $6.58. The stock’s market cap is $7.66 million.
Crossroads Systems (NASDAQ:CRDS) last issued its quarterly earnings data on Thursday, June 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.09. Analysts expect that Crossroads Systems Inc. will post ($9.60) earnings per share for the current fiscal year.
Crossroads Systems, Inc is a global provider of data archive solutions. The Company develops products that address specific information technology (IT) challenges, such as storing and protecting business-critical data. The Company’s solutions solve data management problems involving storage, protection, and archiving.