CynergisTek, Inc. Forecasted to Post FY2017 Earnings of $0.48 Per Share (CTEK)

CynergisTek, Inc. (NYSEAMERICAN:CTEK) – Research analysts at B. Riley issued their FY2017 EPS estimates for CynergisTek in a report released on Thursday. B. Riley analyst A. D’silva expects that the company will post earnings of $0.48 per share for the year. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for CynergisTek’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS and FY2018 earnings at $0.48 EPS.

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A number of other equities research analysts have also recently commented on CTEK. Zacks Investment Research cut shares of CynergisTek from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Roth Capital started coverage on shares of CynergisTek in a research note on Monday, January 29th. They set a “buy” rating and a $7.20 target price on the stock.

CynergisTek (NYSEAMERICAN CTEK) opened at $4.85 on Monday. The stock has a market cap of $47.51, a P/E ratio of 8.22 and a beta of 0.86. CynergisTek has a 1-year low of $2.70 and a 1-year high of $6.72.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connors Investor Services Inc. bought a new stake in CynergisTek during the 4th quarter worth approximately $148,000. King Luther Capital Management Corp bought a new stake in CynergisTek during the 4th quarter worth approximately $278,000. Finally, Perritt Capital Management Inc. raised its stake in CynergisTek by 22.6% during the 4th quarter. Perritt Capital Management Inc. now owns 402,235 shares of the company’s stock worth $1,629,000 after acquiring an additional 74,042 shares during the period.

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About CynergisTek

Cynergistek, Inc provides outsourced document management services and IT security consulting services primarily to the healthcare industry in the United States. It offers workflow solutions; and creates manageable, dependable print management programs by managing the back-office processes of hospital clients.

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