SilverSun Technologies Inc (SSNT) Given Average Recommendation of “Strong Buy” by Brokerages

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Shares of SilverSun Technologies Inc (NASDAQ:SSNT) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $7.00 for the company and are predicting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given SilverSun Technologies an industry rank of 165 out of 255 based on the ratings given to related companies.

Separately, Westpark Capital set a $7.00 target price on SilverSun Technologies and gave the company a “buy” rating in a research note on Friday, August 24th.

In other SilverSun Technologies news, major shareholder Jeffrey D. Roth sold 11,200 shares of the stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $3.75, for a total transaction of $42,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 47.08% of the company’s stock.

Shares of NASDAQ SSNT opened at $3.67 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $17.65 million, a P/E ratio of 30.58 and a beta of 0.23. SilverSun Technologies has a one year low of $2.90 and a one year high of $4.84.

SilverSun Technologies (NASDAQ:SSNT) last issued its earnings results on Monday, August 13th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.07). The firm had revenue of $9.68 million during the quarter, compared to analyst estimates of $9.60 million. SilverSun Technologies had a negative net margin of 1.84% and a positive return on equity of 7.97%. Equities analysts anticipate that SilverSun Technologies will post 0.24 EPS for the current year.

SilverSun Technologies Company Profile

SilverSun Technologies, Inc operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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