SilverSun Technologies (NASDAQ:SSNT) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of SilverSun Technologies (NASDAQ:SSNT) from a hold rating to a buy rating in a research note issued to investors on Monday, ValuEngine reports.

Separately, TheStreet cut SilverSun Technologies from a c rating to a d+ rating in a research note on Tuesday, December 3rd.

Shares of NASDAQ SSNT opened at $3.04 on Monday. SilverSun Technologies has a twelve month low of $2.11 and a twelve month high of $8.25. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $13.62 million, a price-to-earnings ratio of 1.61 and a beta of 0.47. The business has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $3.39.

SilverSun Technologies (NASDAQ:SSNT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.55) EPS for the quarter. The company had revenue of $10.11 million for the quarter. SilverSun Technologies had a negative return on equity of 25.80% and a net margin of 22.89%.

An institutional investor recently raised its position in SilverSun Technologies stock. Weber Alan W grew its stake in shares of SilverSun Technologies Inc (NASDAQ:SSNT) by 278.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,275 shares of the company’s stock after purchasing an additional 70,106 shares during the period. Weber Alan W owned about 2.12% of SilverSun Technologies worth $414,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.38% of the company’s stock.

SilverSun Technologies Company Profile

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 training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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