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Luxoft Holding Inc (NYSE:LXFT) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Luxoft Holding Inc(NYSE:LXFT) to Sell in a statement released on 8/17/2016.

On Tuesday August 16 2016, UBS released a statement about Luxoft Holding Inc(NYSE:LXFT) dropped the target price from $63.00 to $53.00. At the time, this indicated a possible upside of 0.01%.

Showing a price of $49.96, Luxoft Holding Inc (NYSE:LXFT) traded 0.29% lower on the day. The last stock price close is down 6.48% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. Luxoft Holding Inc has been tracking to a 50-day moving average of $53.29 and 200-day moving average of $55.76. Volume of trade was was down over the average, with 193,344 shares of LXFT changing hands under the typical 442,356 shares.

Performance Chart:

Luxoft Holding Inc (NYSE:LXFT)

Luxoft Holding Inc has a one-year low of $46.58 and a 52 week high of $80.64 with a price-earnings ratio of 25. The company’s total market value is presently $0.0.

In addition to Zacks Investment Research reporting it’s target price, a total of 10 brokers have released a report on the stock. The 12-month target price is $68.39 with five analysts rating the stock a strong buy, four firms rating the stock a buy, four firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firmsrating the company as sell.

Brief Synopsis About Luxoft Holding Inc (NYSE:LXFT)

Luxoft Holding, Inc. is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting. Its products and platforms include Horizon, SuperCloud, Twister, iStockTrack, TEORA, Populus, AllView, CVNAR and Retail Engagement Suite (RES) in Internet of Things (IoT) space. Its advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms. It is focused on over six industry verticals, including financial services; automotive and transport; telecommunications; travel and aviation; technology, and energy. It operates in the United States, Romania, the United Kingdom, Switzerland, Russia, Poland, Ukraine, Luxembourg, and Germany and Cyprus.

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