Top Image Systems Ltd. (NASDAQ:TISA) shares traded up 4.2% during trading on Tuesday . The company traded as high as $2.31 and last traded at $2.21, with a volume of 77,562 shares trading hands. The stock had previously closed at $2.12.

A number of research analysts have recently commented on the company. TheStreet raised Top Image Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Zacks Investment Research lowered Top Image Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Canaccord Genuity reissued a “buy” rating and set a $3.50 price target on shares of Top Image Systems in a report on Friday, August 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $3.20.

The stock’s market capitalization is $39.42 million. The firm’s 50-day moving average is $1.92 and its 200 day moving average is $1.79.

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Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Top Image Systems had a negative return on equity of 16.74% and a negative net margin of 30.61%. The company had revenue of $8.50 million for the quarter, compared to analyst estimates of $8.50 million. Equities analysts forecast that Top Image Systems Ltd. will post $0.03 EPS for the current fiscal year.

An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC boosted its stake in Top Image Systems Ltd. (NASDAQ:TISA) by 33.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,300 shares of the company’s stock after buying an additional 43,600 shares during the period. Renaissance Technologies LLC owned 0.96% of Top Image Systems worth $264,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.48% of the company’s stock.

Top Image Systems Company Profile

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

5 Day Chart for NASDAQ:TISA

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