Speed Commerce Lowered to Underperform at Zacks (SPDC)
Speed Commerce (NASDAQ:SPDC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $2.50 target price on the stock. Zacks‘s target price would indicate a potential downside of 7.06% from the company’s current price.
Shares of Speed Commerce (NASDAQ:SPDC) traded up 3.86% during mid-day trading on Friday, hitting $2.69. 299,686 shares of the company’s stock traded hands. Speed Commerce has a 1-year low of $2.45 and a 1-year high of $4.84. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.57. The company’s market cap is $175.4 million.
Speed Commerce (NASDAQ:SPDC) last released its earnings data on Monday, June 16th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.05. On average, analysts predict that Speed Commerce will post $0.10 earnings per share for the current fiscal year.
Speed Commerce, Inc, formerly Navarre Corporation, is a distributor and provider of complete logistics solutions to traditional and Internet-based retailers.
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