Technology

Brokerage Recommendations: Symantec Corporation (NASDAQ:SYMC), Monotype Imaging Holdings Inc. (NASDAQ:TYPE)

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Symantec Corporation (NASDAQ:SYMC) initiated the shares trading at $20.79 and showed negative change of -2.03% while the stock’s final trade was registered at $ 20.28. However, its previous closing price was seen at $20.70. The stock negotiated total number of 11.3 million shares as compared to 3 months average volume of 10.59 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 19.75 and had been up from its 200 Day Moving Average of 18.82.

Symantec Corporation’s (SYMC) has price-to-cash ratio of 2.06 and price to sale ratio of 3.45. The company net profit margin is 69.10% and gross profit margin is 82.90%. A look on the firm performance, its monthly performance is -3.06% and a quarterly performance of 12.53%. The stock price is moving down from its 20 days moving average with -1.73% and isolated positively from 50 days moving average with 7.67%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 2 Months Ago, shares have been suggested as “BUY” from “13” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 2” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “3.11” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) declined -20.55% and ended at $19.80 smaller than previous closing price of $24.92. The total 3.1 million shares were bought and sold throughout the most recent trading session more than average volume of 196.55 thousand shares.

The average true range of Monotype Imaging Holdings Inc.’s (TYPE) is recorded at 1.08 and the relative strength index of the stock stands 25.98. The stock price is going below to its 52 week low with -3.07% and lagging behind from its 52 week high with -27.71%. Analyst recommendation for this stock stands at 1.80. A look on the firm performance, its monthly performance is -17.42% and a quarterly performance of -12.56%. The stock price is trading downbeat from its 200 days moving average with -16.09% and down from 50 days moving average with -16.69%.

Monotype (TYPE), a leader in helping to empower expression and engagement through type, technology and expertise, recently reported the intent to acquire Olapic for about $130 million. Olapic’s Earned Content Platform assists brands collect, curate, use and analyze user-generated content in the form of images and videos in their ecommerce experiences and across multiple marketing channels. This assists to create powerful branded experiences that drive consumer engagement and raise conversions.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 2 Months Ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.33” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

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