Today, B. Riley Reiterates Buy Rating for Sysorex Global Holding Corp. (SYRX)

Today, B. Riley Reiterates Buy Rating for Sysorex Global Holding Corp. (SYRX)

Sysorex Global Holding Corp. (NASDAQ:SYRX)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a research report issued on Wednesday. They presently have a $2.50 price target on the stock.

Sysorex Global Holding Corp. (NASDAQ:SYRX) traded down 5.36% during mid-day trading on Wednesday, hitting $0.18. 107,770 shares of the stock were exchanged. Sysorex Global Holding Corp. has a 52-week low of $0.16 and a 52-week high of $0.88. The company has a 50 day moving average price of $0.22 and a 200 day moving average price of $0.39. The firm’s market cap is $4.81 million.

Sysorex Global Holding Corp. (NASDAQ:SYRX) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.02. Sysorex Global Holding Corp. had a negative return on equity of 78.84% and a negative net margin of 29.10%. The company had revenue of $11.20 million for the quarter, compared to analyst estimates of $17.42 million. On average, analysts anticipate that Sysorex Global Holding Corp. will post ($0.44) EPS for the current year.

About Sysorex Global Holding Corp.

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