Datawatch Corp. (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

Datawatch Corp. (NASDAQ:DWCH) opened at 7.41 on Thursday. The company’s market cap is $87.88 million. Datawatch Corp. has a 12 month low of $3.10 and a 12 month high of $7.84. The company’s 50-day moving average is $6.87 and its 200-day moving average is $5.74.

Datawatch Corp. (NASDAQ:DWCH) last posted its earnings results on Wednesday, July 20th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.15. Datawatch Corp. had a negative return on equity of 27.37% and a negative net margin of 52.48%. The business had revenue of $7.40 million for the quarter, compared to the consensus estimate of $7.77 million. On average, equities research analysts anticipate that Datawatch Corp. will post ($0.70) earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of DWCH. Emerald Acquisition Ltd. acquired a new stake in Datawatch Corp. during the second quarter worth about $558,000. G2 Investment Partners Management LLC purchased a new position in Datawatch Corp. during the second quarter worth $500,000. Renaissance Technologies LLC increased its position in Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $187,000 after buying an additional 17,700 shares during the period. Royce & Associates LP increased its position in Datawatch Corp. by 4.4% in the first quarter. Royce & Associates LP now owns 115,385 shares of the company’s stock worth $571,000 after buying an additional 4,855 shares during the period. Finally, Vanguard Group Inc. increased its position in Datawatch Corp. by 0.3% in the second quarter. Vanguard Group Inc. now owns 313,460 shares of the company’s stock worth $1,737,000 after buying an additional 800 shares during the period. 27.39% of the stock is owned by institutional investors and hedge funds.

Datawatch Corp. Company Profile

Datawatch Corporation provides visual data discovery software. The Company is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market. Its line of visual data discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand (RMOD).

5 Day Chart for NASDAQ:DWCH

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