Synacor Reaches New 1-Year Low at $2.12 (SYNC)
Synacor (NASDAQ:SYNC) shares reached a new 52-week low during trading on Tuesday , Analyst Ratings Network.com reports. The company traded as low as $2.12 and last traded at $2.20, with a volume of 24,887 shares. The stock had previously closed at $2.15.
SYNC has been the subject of a number of recent research reports. Analysts at Bank of America reiterated an “underperform” rating on shares of Synacor in a research note on Wednesday, May 14th. They now have a $2.40 price target on the stock, down previously from $2.50. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Synacor in a research note on Wednesday, May 14th. They now have a $3.00 price target on the stock, down previously from $3.50.
The stock’s 50-day moving average is $2.27 and its 200-day moving average is $2.49. The company’s market cap is $62.8 million.
Synacor (NASDAQ:SYNC) last announced its earnings results on Tuesday, May 13th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.05). The company had revenue of $25.20 million for the quarter, compared to the consensus estimate of $24.55 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Analysts expect that Synacor will post $-0.13 EPS for the current fiscal year.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
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.