Aspen Group Inc (OTCBB:ASPU) announced its quarterly earnings results on Thursday. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03), Morningstar.com reports. Aspen Group had a negative net margin of 16.87% and a negative return on equity of 61.89%.

Shares of Aspen Group (OTCBB ASPU) traded down 3.32% during mid-day trading on Friday, hitting $6.70. The company had a trading volume of 3,408 shares. The firm’s market capitalization is $91.20 million. Aspen Group has a 12 month low of $2.46 and a 12 month high of $7.75. The firm has a 50-day moving average price of $6.24 and a 200 day moving average price of $5.62.

Separately, Zacks Investment Research raised Aspen Group from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Thursday, July 13th.

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About Aspen Group

Aspen Group, Inc is a holding company. The Company’s subsidiary, Aspen University Inc (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course).

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