Synacor (NASDAQ:SYNC) posted its quarterly earnings data on Wednesday. The information services provider reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02, Morningstar.com reports. Synacor had a negative net margin of 4.84% and a negative return on equity of 13.66%. The company had revenue of $39.40 million during the quarter. Synacor updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.
Shares of NASDAQ SYNC traded up $0.02 on Thursday, reaching $1.84. 19,932 shares of the company traded hands, compared to its average volume of 41,347. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.25 and a quick ratio of 1.25. Synacor has a fifty-two week low of $1.35 and a fifty-two week high of $2.50. The company has a market cap of $70.98 million, a P/E ratio of -6.81 and a beta of 0.50.
Separately, Zacks Investment Research downgraded shares of Synacor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.50.
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Synacor Company Profile
Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.
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