Avid Technology (AVID) Downgraded by Dougherty & Co
Avid Technology (NASDAQ:AVID) was downgraded by equities research analysts at Dougherty & Co from a “neutral” rating to a “sell” rating in a research note issued to investors on Thursday, The Fly reports.
A number of other research firms also recently issued reports on AVID. ValuEngine downgraded shares of Avid Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Avid Technology from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, November 15th.
Shares of Avid Technology (NASDAQ AVID) opened at $6.50 on Thursday. The company has a debt-to-equity ratio of -0.71, a current ratio of 0.65 and a quick ratio of 0.46. The company has a market cap of $278.42, a P/E ratio of 18.78 and a beta of 1.78. Avid Technology has a 12-month low of $3.99 and a 12-month high of $7.65.
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Avid Technology Company Profile
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.
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