Zacks: Analysts Set $7.00 Price Target for SilverSun Technologies Inc (SSNT)

Shares of SilverSun Technologies Inc (NASDAQ:SSNT) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price objective of $7.00 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SilverSun Technologies an industry rank of 193 out of 255 based on the ratings given to related companies.

Separately, Westpark Capital set a $7.00 price objective on shares of SilverSun Technologies and gave the company a “buy” rating in a report on Friday, August 24th.

NASDAQ SSNT traded down $0.01 on Friday, hitting $3.50. The stock had a trading volume of 3,311 shares, compared to its average volume of 972. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. SilverSun Technologies has a 52-week low of $2.90 and a 52-week high of $4.84. The firm has a market capitalization of $15.80 million, a P/E ratio of 29.17 and a beta of 0.22.

SilverSun Technologies (NASDAQ:SSNT) last released its quarterly earnings results on Monday, August 13th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.07). SilverSun Technologies had a positive return on equity of 7.97% and a negative net margin of 1.84%. The firm had revenue of $9.68 million during the quarter, compared to analysts’ expectations of $9.60 million. As a group, sell-side analysts predict that SilverSun Technologies will post 0.24 earnings per share for the current fiscal year.

About SilverSun Technologies

SilverSun Technologies, Inc operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

Further Reading: Fundamental Analysis

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