Top Image Systems Ltd. (NASDAQ:TISA) shares were up 7.9% during mid-day trading on Wednesday . The stock 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.

Several research analysts recently issued reports on TISA shares. Canaccord Genuity reissued a “buy” rating and set a $3.50 target price on shares of Top Image Systems in a report on Friday, August 5th. Zacks Investment Research cut shares of Top Image Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, TheStreet upgraded shares of Top Image Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $3.20.

The company’s 50 day moving average is $1.90 and its 200-day moving average is $1.82. The stock’s market cap is $38.35 million.

Top Image Systems (NASDAQ:TISA) last released its earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The business had revenue of $8.50 million for the quarter, compared to analysts’ expectations of $8.50 million. Equities research analysts expect that Top Image Systems Ltd. will post $0.03 EPS 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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