GlobalSCAPE Rating Increased to Buy at TheStreet (GSB)
GlobalSCAPE (NYSE:GSB) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Thursday, Analyst RN reports.
The analysts wrote, “GlobalSCAPE Incorporated (AMEX:GSB) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
GlobalSCAPE (NYSE:GSB) traded up 0.32% during mid-day trading on Thursday, hitting $2.3375. The stock had a trading volume of 8,580 shares. GlobalSCAPE has a 52 week low of $1.32 and a 52 week high of $2.48. The stock has a 50-day moving average of $2.25 and a 200-day moving average of $1.79. The company has a market cap of $43.9 million and a P/E ratio of 9.75.
GlobalSCAPE (NYSE:GSB) last released its earnings data on Tuesday, November 12th. The company reported $0.12 earnings per share (EPS) for the quarter.
GlobalSCAPE, Inc develops and distributes software and hosted solutions, and provides associated services, for individuals and business users to securely exchange information over the Internet and within other network environments.
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