Safeguard Scientifics, Inc. (SFE) Issues Earnings Results, Beats Expectations By $0.20 EPS
Safeguard Scientifics, Inc. (NYSE:SFE) posted its quarterly earnings data on Thursday. The asset manager reported ($0.91) EPS for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.20, Bloomberg Earnings reports. During the same period in the previous year, the firm posted ($1.18) EPS.
Shares of Safeguard Scientifics (NYSE:SFE) opened at 13.90 on Friday. The stock has a 50 day moving average price of $13.28 and a 200-day moving average price of $12.24. Safeguard Scientifics has a one year low of $10.60 and a one year high of $14.35. The company’s market capitalization is $283.74 million.
SFE has been the subject of several recent analyst reports. ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research lowered Safeguard Scientifics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub raised Safeguard Scientifics from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
About Safeguard Scientifics
Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.
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