SilverSun Technologies (NASDAQ:SSNT) Upgraded by ValuEngine to “Buy”

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SilverSun Technologies (NASDAQ:SSNT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, November 11th, ValuEngine reports.

Shares of SSNT traded down $0.12 during trading hours on Monday, hitting $3.52. The stock had a trading volume of 8,982 shares, compared to its average volume of 49,933. The stock has a fifty day moving average price of $3.53 and a 200 day moving average price of $3.11. SilverSun Technologies has a 12 month low of $2.00 and a 12 month high of $8.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.91 and a current ratio of 1.91.

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

A hedge fund recently bought a new stake in SilverSun Technologies stock. Virtu Financial LLC acquired a new stake in SilverSun Technologies Inc (NASDAQ:SSNT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,758 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.24% of SilverSun Technologies as of its most recent SEC filing. 7.14% of the stock is owned by hedge funds and other institutional investors.

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 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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