Determine (DTRM) Lowered to “Strong Sell” at ValuEngine

Determine (NASDAQ:DTRM) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

DTRM has been the topic of a number of other research reports. B. Riley reissued a “buy” rating and issued a $3.50 price target on shares of Determine in a research note on Monday, November 6th. Maxim Group set a $3.00 price target on Determine and gave the stock a “buy” rating in a research note on Friday, August 11th.

Shares of Determine (NASDAQ:DTRM) traded down $0.04 on Friday, reaching $1.64. The company had a trading volume of 41,439 shares, compared to its average volume of 36,560. Determine has a 1 year low of $1.56 and a 1 year high of $3.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.73 and a current ratio of 0.73.

Determine (NASDAQ:DTRM) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The firm had revenue of $6.89 million for the quarter, compared to analysts’ expectations of $6.77 million. Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. Determine’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.28) EPS. equities analysts forecast that Determine will post -0.46 EPS for the current year.

In other Determine news, major shareholder Lloyd I. Miller III sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $1.73, for a total transaction of $43,250.00. Following the completion of the sale, the insider now directly owns 250,820 shares in the company, valued at approximately $433,918.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in Determine by 24.5% during the 1st quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after acquiring an additional 29,500 shares during the period. Susquehanna International Group LLP acquired a new stake in Determine during the 2nd quarter worth about $203,000. Finally, AWM Investment Company Inc. boosted its position in Determine by 103.2% during the 2nd quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after acquiring an additional 739,000 shares during the period. Hedge funds and other institutional investors own 17.63% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/03/determine-dtrm-lowered-to-strong-sell-at-valuengine.html.

Determine Company Profile

Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Determine Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Determine Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply