Determine (NASDAQ:DTRM) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other research firms have also recently commented on DTRM. Maxim Group cut Determine from a “buy” rating to a “hold” rating in a report on Friday, November 10th. B. Riley assumed coverage on Determine in a report on Monday, October 16th. They set a “buy” rating and a $3.50 target price for the company.

Shares of Determine (DTRM) opened at $1.64 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.73 and a quick ratio of 0.73. Determine has a fifty-two week low of $1.56 and a fifty-two week high of $3.93.

Determine (NASDAQ:DTRM) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The company had revenue of $6.89 million during the quarter, compared to analysts’ expectations of $6.77 million. Determine had a negative return on equity of 117.69% and a negative net margin of 48.17%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.28) EPS. equities research analysts anticipate that Determine will post -0.46 EPS for the current fiscal year.

In other news, major shareholder Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $1.73, for a total transaction of $43,250.00. Following the completion of the sale, the insider now owns 250,820 shares in the company, valued at approximately $433,918.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.96% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. AWM Investment Company Inc. grew its holdings in shares of Determine by 103.2% during the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 739,000 shares during the period. Susquehanna International Group LLP acquired a new position in Determine during the 2nd quarter worth approximately $203,000. Finally, Renaissance Technologies LLC lifted its position in Determine by 24.5% during the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after acquiring an additional 29,500 shares in the last quarter. Institutional investors and hedge funds own 17.63% of the company’s stock.

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About Determine

Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.

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