Top Image Systems Ltd. (NASDAQ:TISA) rose 4.5% during mid-day trading on Monday . The company traded as high as $2.16 and last traded at $2.07, with a volume of 216,572 shares trading hands. The stock had previously closed at $1.98.

Separately, Zacks Investment Research upgraded Top Image Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.20.

The firm’s market cap is $36.38 million. The firm has a 50 day moving average of $1.81 and a 200 day moving average of $1.88.

Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings results on Tuesday, May 17th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.08. The business earned $8.50 million during the quarter, compared to analysts’ expectations of $7.13 million. Analysts anticipate that Top Image Systems Ltd. will post ($0.03) EPS for the current year.

Top Image Systems Ltd. (TIS) develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. TIS solutions deliver digital content to the applications that drive an enterprise by using technologies, including wireless communications, servers, form processing and information recognition systems.