Avid Technology (NASDAQ:AVID) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
Separately, Zacks Investment Research upgraded Avid Technology from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, November 15th.
Shares of Avid Technology (NASDAQ AVID) traded down $0.11 during trading hours on Friday, hitting $6.62. The stock had a trading volume of 714,919 shares, compared to its average volume of 512,678. Avid Technology has a 52 week low of $3.99 and a 52 week high of $7.65. The firm has a market capitalization of $272.65, a price-to-earnings ratio of 18.39 and a beta of 1.78. The company has a debt-to-equity ratio of -0.71, a quick ratio of 0.46 and a current ratio of 0.65.
About Avid Technology
Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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