Top Image Systems (TISA) Rating Lowered to Sell at Zacks Investment Research

Top Image Systems (NASDAQ:TISA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The company’s software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS’ award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. (PRESS RELEASE) “

Other analysts also recently issued research reports about the company. HC Wainwright set a $3.00 target price on Top Image Systems and gave the company a “buy” rating in a research note on Friday, November 17th. ValuEngine upgraded Top Image Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $2.50.

Shares of Top Image Systems (NASDAQ TISA) traded up $0.04 during trading hours on Tuesday, reaching $1.03. The company had a trading volume of 4,600 shares, compared to its average volume of 71,135. Top Image Systems has a 1 year low of $0.96 and a 1 year high of $1.75. The company has a market cap of $17.83, a P/E ratio of -2.10 and a beta of 1.14.

Top Image Systems (NASDAQ:TISA) last announced its earnings results on Wednesday, November 15th. The software maker reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Top Image Systems had a negative net margin of 30.77% and a negative return on equity of 50.20%. The business had revenue of $7.06 million for the quarter, compared to the consensus estimate of $7.90 million. sell-side analysts anticipate that Top Image Systems will post -0.32 EPS for the current fiscal year.

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About Top Image Systems

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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