Asure Software (NASDAQ:ASUR) issued its quarterly earnings results on Sunday. The technology company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05, MarketWatch Earnings reports. Asure Software had a negative return on equity of 0.48% and a net margin of 46.12%.
Asure Software stock traded up $0.34 during trading on Tuesday, reaching $8.14. 211,060 shares of the company’s stock were exchanged, compared to its average volume of 105,291. The company’s 50-day moving average is $7.92 and its two-hundred day moving average is $7.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00. Asure Software has a 52-week low of $5.77 and a 52-week high of $9.25. The firm has a market cap of $154.86 million, a price-to-earnings ratio of 3.90 and a beta of 1.09.
Several research analysts have weighed in on ASUR shares. Needham & Company LLC boosted their price target on Asure Software from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, March 18th. Barrington Research restated an “outperform” rating on shares of Asure Software in a report on Friday, March 12th. Finally, Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a report on Thursday, March 11th.
Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to develop human capital to get to the next level, stay compliant, and allocate resources toward growth. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and ROI gains come in the form of strategic use of labor dollars and the elimination of time theft.
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