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Guidance Software (NASDAQ:GUID)’s share price hit a new 52-week low during mid-day trading on Friday after Imperial Capital lowered their price target on the stock from $11.50 to $10.50, Analyst RN reports. Imperial Capital currently has an outperform rating on the stock. Guidance Software traded as low as $7.00 and last traded at $7.62, with a volume of 37,638 shares. The stock had previously closed at $7.62.

The stock has a 50-day moving average of $8.64 and a 200-day moving average of $9.6. The company’s market cap is $203.8 million.

Guidance Software (NASDAQ:GUID) last announced its earnings results on Thursday, August 7th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $27.18 million for the quarter, compared to the consensus estimate of $27.20 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Guidance Software will post $0.01 earnings per share for the current fiscal year.

Guidance Software, Inc is a provider of digital investigative solutions. The Company’s EnCase platform provides an investigative infrastructure that enables its customers to search, collect, and analyze electronically stored information in order to address human resources matters, litigation matters, allegations of fraud, suspicious network endpoint activity and defend their organization’s data assets.

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