Safeguard Scientifics, Inc. New (NYSE:SFE):
Safeguard Scientifics Announces Third Quarter 2016 Financial Results.
The company is trading up by 1.38% since yesterday’s close of $11.6.
It is currently trading at $11.76 slightly below $12.99, the stock’s 50 day moving average and marginally under the 200 day moving average of $13.26. The 50 day moving average went down by -9.46% and the 200 day average went down $-1.50 or -11.33%.
As of the latest earnings report the EPS was $-0.12 and is projected to be $0.24 for the current year with 20,224,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.37 and the next full year EPS is projected to be $-1.29.
Brokerages have released opinions on SFE of late. On October 26 Keefe Bruyette & Woods made no change to the company rating of “Outperform” but lowered the price target to $22.00 from $24.00. On July 21 analysts at Barrington Research starting coverage on the stock setting a rating of “Outperform”.
March 6 investment analysts at Keefe Bruyette & Woods left the company rating at “Outperform” and moved down the price target from $25.00 to $24.50. On July 28 the stock rating was upgraded to “Overweight” from “Equal-weight” and a price target of $25.00 was set by First Analysis.
On May 13 the company was downgraded from “Overweight” to “Equal-weight” with a current price target of $0.00 in a report issued by First Analysis.