Determine (DTRM) Cut to Strong Sell at ValuEngine

ValuEngine cut shares of Determine (NASDAQ:DTRM) from a sell rating to a strong sell rating in a research report report published on Friday.

A number of other equities analysts have also recently weighed in on DTRM. Maxim Group set a $3.00 price target on Determine and gave the stock a buy rating in a report on Friday, August 11th. B. Riley started coverage on Determine in a report on Monday, October 16th. They issued a buy rating and a $3.50 price target for the company.

Determine (NASDAQ:DTRM) traded down $0.04 on Friday, reaching $1.64. The company’s stock had a trading volume of 41,400 shares, compared to its average volume of 30,538. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.84. Determine has a one year low of $1.56 and a one year high of $3.93.

Determine (NASDAQ:DTRM) last released its quarterly earnings results on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. The company had revenue of $6.89 million during the quarter, compared to analysts’ expectations of $6.77 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities analysts anticipate that Determine will post -0.46 earnings per share for the current year.

In other news, major shareholder Lloyd I. Miller III sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $1.73, for a total value of $43,250.00. Following the completion of the transaction, the insider now directly owns 250,820 shares of the company’s stock, valued at $433,918.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.96% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DTRM. Susquehanna International Group LLP acquired a new position in Determine in the second quarter valued at $203,000. Renaissance Technologies LLC increased its stake in Determine by 24.5% in the first quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock valued at $509,000 after purchasing an additional 29,500 shares during the last quarter. Finally, AWM Investment Company Inc. increased its stake in Determine by 103.2% in the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 739,000 shares during the last quarter. Hedge funds and other institutional investors own 17.63% of the company’s stock.

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About Determine

Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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