Zacks Investment Research upgraded Virtusa Corporation (NASDAQ:VRTU) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has upgraded Virtusa Corporation (NASDAQ:VRTU) to Hold in a report released on Wednesday October 12, 2016.
Previously on 09/08/2016, Wedbush reported on Virtusa Corporation (NASDAQ:VRTU) increased the target price from $0.00 to $29.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Virtusa Corporation (NASDAQ:VRTU) traded -0.62% lower at $22.59. The company’s 50-day moving average is $24.67 and its 200-day moving average is $30.07. The last closing price is down -25.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 60,853 shares of the stock traded hands, down from an average trading volume of 287,065
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Virtusa Corporation has a 52 week low of $20.74 and a 52 week high of $59.40 with a P/E ratio of 23.72 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 7 equity analysts have released a ratings update on VRTU. The one year target is $46.14 with two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, two firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Virtusa Corporation (NASDAQ:VRTU)
Virtusa Corporation (Virtusa) is an information technology services company. The Company's services include information technology (IT) and business consulting, digital enablement services, user experience (UX) design, development of IT applications, maintenance and support services, systems integration, infrastructure and managed services. Its services enable its clients to accelerate business outcomes by consolidating, rationalizing and modernizing the clients' core customer-facing processes into one or more core systems. It delivers solutions through a global delivery model, applying advanced methods, such as Agile, a technique designed to accelerate application development. The Company uses its consulting methodology, Accelerated Solution Design (ASD). It supports the Chief Information Officers (CIOs) of its client organizations in solving their critical issues, including managing total cost of ownership, accelerating time-to-market and increasing productivity.
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