Top Image Systems (TISA) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Top Image Systems (NASDAQ:TISA) from a sell rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The company’s software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS’ award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. (PRESS RELEASE) “
Several other research analysts have also weighed in on the stock. ValuEngine upgraded shares of Top Image Systems from a strong sell rating to a sell rating in a research note on Friday, February 2nd. HC Wainwright set a $3.00 price objective on shares of Top Image Systems and gave the company a buy rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Top Image Systems currently has a consensus rating of Hold and an average price target of $2.50.
Top Image Systems (NASDAQ:TISA) last released its quarterly earnings data on Wednesday, November 15th. The software maker reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). The company had revenue of $7.06 million during the quarter, compared to analyst estimates of $7.90 million. Top Image Systems had a negative net margin of 30.77% and a negative return on equity of 50.20%. equities research analysts expect that Top Image Systems will post -0.32 earnings per share for the current year.
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Top Image Systems Company Profile
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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