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Shares of Chyronhego Corp (NASDAQ:CHYR) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings, StockRatingsNetwork.com reports. The stock had previously closed at $2.21, but opened at $2.22. Chyronhego Corp shares last traded at $2.37, with a volume of 89,234 shares.

The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01.

Separately, analysts at Zacks upgraded shares of Chyronhego Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $2.30 price target on the stock.

The stock’s 50-day moving average is $1.99 and its 200-day moving average is $2.35. The company’s market cap is $85.3 million.

ChyronHego Corporation, formerly Chyron Corporation, is a provider of graphics as a service for on-air and digital video applications including newsrooms, studios, sports broadcasting facilities, and corporate video environments.

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