Share on StockTwits

SeaChange International (NASDAQ:SEAC)’s share price hit a new 52-week low during mid-day trading on Monday , AR Network reports. The stock traded as low as $7.82 and last traded at $7.82, with a volume of 152,686 shares trading hands. The stock had previously closed at $8.17.

Separately, analysts at Brean Capital cut their price target on shares of SeaChange International from $14.00 to $11.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

The stock’s 50-day moving average is $9.16 and its 200-day moving average is $10.86. The company’s market cap is $258.0 million.

SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.20. The company had revenue of $24.30 million for the quarter, compared to the consensus estimate of $30.87 million. During the same quarter last year, the company posted $0.04 earnings per share. SeaChange International’s revenue was down 31.7% compared to the same quarter last year. Analysts expect that SeaChange International will post $-0.19 EPS for the current fiscal year.

SeaChange International, Inc (NASDAQ:SEAC) is engaged in the delivery of multi-screen video.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.