Majesco (NASDAQ:MJCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 price target on Majesco and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.

Shares of Majesco (NASDAQ:MJCO) opened at 5.02 on Wednesday. The company’s market capitalization is $183.10 million. Majesco has a 52-week low of $4.21 and a 52-week high of $6.74. The stock’s 50 day moving average price is $5.13 and its 200 day moving average price is $5.54.

Majesco (NASDAQ:MJCO) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $32.60 million for the quarter, compared to analyst estimates of $23.20 million. On average, equities research analysts forecast that Majesco will post $0.01 earnings per share for the current fiscal year.

5 Day Chart for NASDAQ:MJCO

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