Covisint Corp. (COVS) Sees Unusually-High Trading Volume
Covisint Corp. (NASDAQ:COVS) shares saw strong trading volume on Tuesday . 70,893 shares changed hands during trading, an increase of 33% from the previous session’s volume of 53,274 shares.The stock last traded at $2.29 and had previously closed at $2.29.
Several equities analysts have recently issued reports on the company. Credit Suisse Group AG reiterated a “sell” rating and set a $1.75 price objective on shares of Covisint Corp. in a research report on Tuesday, June 7th. Zacks Investment Research upgraded Covisint Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 1st.
The company has a 50 day moving average of $2.15 and a 200 day moving average of $2.02. The stock’s market cap is $88.46 million.
Covisint Corp. (NASDAQ:COVS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.01. Equities analysts expect that Covisint Corp. will post ($0.29) EPS for the current year.
Covisint Corporation provides cloud engagement platform for enabling organizations to securely connect, engage and collaborate with large, distributed communities of customers, business partners and suppliers. The Company’s Platform-as-a-Service offering enables global organizations to securely connect, engage and collaborate with large, extended networks of customers, business partners, suppliers and other third parties.
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