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Datawatch (NASDAQ:DWCH)’s share price was down 4.6% during mid-day trading on Thursday following a weaker than expected earnings announcement, AmericanBankingNews.com reports. The stock traded as low as $13.25 and last traded at $13.30, with a volume of 241,769 shares traded. The stock had previously closed at $13.94.

The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.08. During the same quarter last year, the company posted ($0.10) earnings per share.

Several analysts have recently commented on the stock. Analysts at Sidoti & Co. downgraded shares of Datawatch from a “buy” rating to a “neutral” rating in a research note on Friday, April 11th. Separately, analysts at Sidoti downgraded shares of Datawatch from a “buy” rating to a “neutral” rating in a research note on Friday, April 11th. Finally, analysts at Zacks upgraded shares of Datawatch from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $30.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.18.

The stock has a 50-day moving average of $25.08 and a 200-day moving average of $30.30. The company’s market cap is $115.0 million.

Datawatch Corporation is engaged in the design, development, manufacture, marketing, and support of business computer software primarily for the operational reporting and data analysis, data integration, enterprise content management and business service management markets to allow organizations to access and analyze information in a more meaningful fashion.

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