Zacks Investment Research Downgrades Top Image Systems (TISA) to Sell

Top Image Systems (NASDAQ:TISA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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) “

Several other equities research analysts have also weighed in on TISA. ValuEngine raised Top Image Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. HC Wainwright set a $3.00 target price on Top Image Systems and gave the stock a “buy” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Top Image Systems presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Shares of Top Image Systems (NASDAQ:TISA) opened at $1.07 on Wednesday. The firm has a market capitalization of $19.01, a price-to-earnings ratio of -2.18 and a beta of 1.14. Top Image Systems has a one year low of $0.96 and a one year high of $1.75.

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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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