Auxilio’s “Outperform” Rating Reaffirmed at Zacks (AUXO)
Auxilio (NASDAQ:AUXO)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Thursday. They currently have a $2.00 price objective on the stock. Zacks‘s price target suggests a potential upside of 73.91% from the stock’s previous close.
Zacks’ analyst wrote, ” AUXILIO manages and reduces printing costs for hospitals and facilities by providing on-site staff and vendor management. It is the only vender neutral provider. Its services are in high demand as clients’ budgets are squeezed and health care profitability is reduced. The company is rolling other IT services to sell its client base to increase the company TAM as well as increase margins. Its recent acquisition of Delphiis adds a new product, security services, to aid in HIPPA compliance.”
Shares of Auxilio (NASDAQ:AUXO) traded up 3.48% during mid-day trading on Thursday, hitting $1.19. 21,706 shares of the company’s stock traded hands. Auxilio has a 1-year low of $0.85 and a 1-year high of $1.72. The stock has a 50-day moving average of $1.22 and a 200-day moving average of $1.36. The company has a market cap of $24.7 million and a price-to-earnings ratio of 18.55.
Auxilio, Inc (NASDAQ:AUXO) is engaged in the business of providing fully outsourced print management services to the healthcare industry.
To view Zacks’ full report, visit Zacks’ official website.
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