Majesco (NASDAQ:MJCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 price objective on Majesco and gave the stock a “buy” rating in a report on Wednesday, August 3rd.

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Shares of Majesco (NASDAQ:MJCO) opened at 5.02 on Wednesday. Majesco has a 1-year low of $4.21 and a 1-year high of $6.74. The stock’s market capitalization is $183.10 million. The company has a 50 day moving average price of $5.13 and a 200-day moving average price of $5.54.

Majesco (NASDAQ:MJCO) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business earned $32.60 million during the quarter, compared to the consensus estimate of $23.20 million. On average, equities research analysts forecast that Majesco will post $0.01 EPS for the current fiscal year.

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