SilverSun Technologies Inc (SSNT) Major Shareholder Sells $634,250.00 in Stock

SilverSun Technologies Inc (NASDAQ:SSNT) major shareholder Jeffrey D. Roth sold 215,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $2.95, for a total value of $634,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of SilverSun Technologies Inc (NASDAQ:SSNT) remained flat at $$3.94 during trading on Friday. The company’s stock had a trading volume of 4,359 shares, compared to its average volume of 5,274. The firm has a market cap of $17.69, a price-to-earnings ratio of 28.14 and a beta of 0.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. SilverSun Technologies Inc has a 12 month low of $3.00 and a 12 month high of $5.22.

SilverSun Technologies (NASDAQ:SSNT) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $9.59 million for the quarter. SilverSun Technologies had a net margin of 1.91% and a return on equity of 12.68%. analysts expect that SilverSun Technologies Inc will post 0.18 EPS for the current year.

Separately, Westpark Capital restated an “outperform” rating on shares of SilverSun Technologies in a research note on Wednesday, January 10th.

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SilverSun Technologies Company Profile

SilverSun Technologies, Inc is a business application, technology and consulting company. The Company is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud.

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