RRSat Global Communications Network (RRST) Releases Quarterly Earnings Results
RRSat Global Communications Network (NASDAQ:RRST) announced its earnings results on Monday. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.02, Stock Ratings Network reports. The company had revenue of $32.90 million for the quarter, compared to the consensus estimate of $32.04 million.
RRSat Global Communications Network (NASDAQ:RRST) opened at 9.12 on Monday. RRSat Global Communications Network has a 1-year low of $6.97 and a 1-year high of $9.40. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $8.61. The company has a market cap of $158.2 million and a P/E ratio of 24.73.
On a related note, analysts at Maxim Group initiated coverage on shares of RRSat Global Communications Network in a research note on Monday, April 28th. They set a “buy” rating and a $12.00 price target on the stock.
RRsat Global Communications Network Ltd. provides global, content management and distribution services to the television and radio broadcasting industries.
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