Majesco (NASDAQ:MJCO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Majesco (NASDAQ:MJCO) to Hold in a statement released on Wednesday October 12, 2016.
Boasting a price of $5.02, Majesco (NASDAQ:MJCO) traded -1.20% lower on the day. With the last stock price close down -10.45% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Majesco has recorded a 50-day average of $5.10 and a two hundred day average of $5.53. Volume of trade was down over the average, with 1,899 shares of MJCO changing hands under the typical 6,398
With a total market value of $0, Majesco has with a one year low of $4.21 and a one year high of $6.74 .
A total of 2 equity analysts have released a ratings update on MJCO. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $11.75.
Brief Synopsis About Majesco (NASDAQ:MJCO)
Majesco is a provider of insurance software, consulting and services for insurance industry. The Company operates through the software solutions provider for the insurance industry segment. The Company offers insurance software solutions for Property and Casualty or General Insurance (P&C), Life, Annuities (L&A), and Pensions and Group or Employee Benefits providers, allowing them to manage policy management, claims management and billing functions. In addition, the Company offers a range of other technology-based solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations. The Company's offering consists of software solutions for all lines of business in insurance industry; services, including project delivery and implementation of its solutions, and consulting and services.
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