Top Image Systems (TISA) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Top Image Systems (NASDAQ:TISA) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The company’s software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS’ award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. (PRESS RELEASE) “

A number of other analysts have also recently issued reports on TISA. HC Wainwright set a $3.00 target price on Top Image Systems and gave the stock a buy rating in a research note on Friday, November 17th. ValuEngine cut Top Image Systems from a sell rating to a strong sell rating in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $2.50.

Shares of Top Image Systems (NASDAQ:TISA) opened at $1.06 on Tuesday. Top Image Systems has a 52 week low of $0.96 and a 52 week high of $1.75.

Top Image Systems (NASDAQ:TISA) last posted its earnings results on Wednesday, November 15th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Top Image Systems had a negative return on equity of 50.20% and a negative net margin of 30.77%. The business had revenue of $7.06 million for the quarter, compared to the consensus estimate of $7.90 million. analysts anticipate that Top Image Systems will post -0.32 EPS for the current year.

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About Top Image Systems

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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