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Ubic (NASDAQ:UBIC) issued its quarterly earnings data on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, reports.

On a related note, analysts at Maxim Group raised their price target on shares of Ubic from $11.00 to $24.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock.

Shares of Ubic (NASDAQ:UBIC) traded down 14.85% during mid-day trading on Tuesday, hitting $20.0101. 17,216 shares of the company’s stock traded hands. Ubic has a 52-week low of $4.23 and a 52-week high of $33.50. The stock’s 50-day moving average is $18.75 and its 200-day moving average is $10.63. The company’s market cap is $344.3 million.

UBIC, Inc is a Japan-based company engaged in the computer forensics business. The Company has two segments.

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