Majesco (MJCO) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Majesco (NASDAQ:MJCO) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 target price on Majesco and gave the company a buy rating in a research report on Wednesday, August 3rd.

Shares of Majesco (NASDAQ:MJCO) remained flat at $4.95 during mid-day trading on Wednesday. Majesco has a 52-week low of $4.21 and a 52-week high of $6.74. The stock’s market cap is $180.55 million. The company’s 50 day moving average is $5.10 and its 200 day moving average is $5.53.

Majesco (NASDAQ:MJCO) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm earned $32.60 million during the quarter, compared to analysts’ expectations of $23.20 million. On average, equities research analysts expect that Majesco will post $0.01 EPS for the current year.

5 Day Chart for NASDAQ:MJCO

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