Zacks Investment Research downgraded shares of Accelerize Inc (NASDAQ:ACLZ) from a hold rating to a strong sell rating in a research note released on Thursday morning.

According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “

Accelerize (NASDAQ ACLZ) opened at 0.28 on Thursday. Accelerize has a 1-year low of $0.27 and a 1-year high of $0.58. The firm has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.35. The company’s market capitalization is $18.35 million.

Accelerize (NASDAQ:ACLZ) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.99 million during the quarter, compared to analysts’ expectations of $6.40 million.

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About Accelerize

Accelerize Inc owns and operates CAKE and getcake.com, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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