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.

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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.

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