Shares of Top Image Systems Ltd. (NASDAQ:TISA) were up 7.9% during mid-day trading on Wednesday . The company traded as high as $2.05 and last traded at $2.05, with a volume of 65,046 shares. The stock had previously closed at $1.90.

A number of analysts have recently issued reports on TISA shares. Zacks Investment Research upgraded Top Image Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. Canaccord Genuity reiterated a “buy” rating and set a $3.50 target price on shares of Top Image Systems in a report on Friday, August 5th. Finally, TheStreet upgraded Top Image Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $3.20.

The firm has a 50-day moving average price of $1.89 and a 200-day moving average price of $1.82. The company’s market capitalization is $35.12 million.

Top Image Systems (NASDAQ:TISA) last announced its earnings results on Thursday, August 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $8.50 million for the quarter, compared to analysts’ expectations of $8.50 million. On average, equities analysts forecast that Top Image Systems Ltd. will post $0.03 earnings per share for the current year.

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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