The Agilysys, Inc. (AGYS) Posts Earnings Results, Report finds

The Agilysys, Inc. (AGYS) Posts  Earnings Results, Report finds

Shares of Agilysys (NASDAQ:AGYS) traded up 0.34% during mid-day trading on Thursday, reaching $8.90. 33,855 shares of the company were exchanged. Agilysys has a 12 month low of $8.17 and a 12 month high of $12.15. The stock has a 50 day moving average price of $10.18 and a 200-day moving average price of $10.47. The stock’s market capitalization is $201.77 million.

Agilysys, Inc. (NASDAQ:AGYS) announced its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.05. Agilysys had a negative net margin of 6.23% and a negative return on equity of 6.47%. The firm had revenue of $33.40 million for the quarter, compared to the consensus estimate of $34.97 million. During the same period in the prior year, the firm posted ($0.07) earnings per share.

Separately, Sidoti downgraded shares of Agilysys from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $11.00 in a report on Friday, November 11th.

Agilysys Company Profile

Agilysys, Inc is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions and services to the hospitality industry. The Company serves four market sectors: gaming, both corporate and tribal; hotels, resorts and cruise; foodservice management, and restaurants, universities, stadia and healthcare.

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