Trading Report: The Majesco (MJCO) Downgraded by Zacks Investment Research to “Hold”

The Majesco (MJCO) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Majesco (NASDAQ:MJCO) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 target price on shares of Majesco and gave the company a buy rating in a research note on Wednesday, August 3rd.

Majesco (NASDAQ:MJCO) opened at 5.08 on Wednesday. Majesco has a one year low of $4.21 and a one year high of $6.74. The firm has a 50-day moving average of $5.12 and a 200-day moving average of $5.54. The stock’s market capitalization is $185.29 million.

Majesco (NASDAQ:MJCO) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $23.20 million. On average, equities research analysts forecast that Majesco will post $0.01 earnings per share for the current year.

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