NIC Shares Down 4.8% on Analyst Downgrade (EGOV)
NIC (NASDAQ:EGOV)’s share price was down 4.8% on Monday after Imperial Capital lowered their price target on the stock from $26.00 to $24.00, AnalystRatingsNetwork.com reports. The company traded as low as $17.99 and last traded at $18.07, with a volume of 522,025 shares traded. The stock had previously closed at $18.98.
The stock’s 50-day moving average is $22.92 and its 200-day moving average is $22.8. The company has a market cap of $1.168 billion and a P/E ratio of 38.73.
NIC (NASDAQ:EGOV) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $60.80 million for the quarter, compared to the consensus estimate of $62.67 million. During the same quarter last year, the company posted $0.13 earnings per share. NIC’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that NIC will post $0.59 earnings per share for the current fiscal year.
NIC Inc (NASDAQ:EGOV) is a provider of eGovernment services that assists governments use the Internet.
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