SeaChange International (SEAC) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS
SeaChange International (NASDAQ:SEAC) issued its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.10, Analyst Ratings Network reports.
On the ratings front, analysts at Brean Capital cut their price target on shares of SeaChange International from $14.00 to $11.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.00.
Shares of SeaChange International (NASDAQ:SEAC) traded up 5.33% during mid-day trading on Thursday, hitting $7.90. 263,461 shares of the company’s stock traded hands. SeaChange International has a one year low of $7.17 and a one year high of $15.25. The stock has a 50-day moving average of $7.59 and a 200-day moving average of $9.03. The company’s market cap is $259.3 million.
SeaChange International, Inc (NASDAQ:SEAC) is engaged in the delivery of multi-screen video.
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