Shares of Top Image Systems, Ltd. (NASDAQ:TISA) saw an uptick in trading volume on Wednesday . 292,005 shares traded hands during mid-day trading, an increase of 550% from the previous session’s volume of 44,906 shares.The stock last traded at $1.31 and had previously closed at $1.41.

A number of brokerages have issued reports on TISA. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research cut Top Image Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, HC Wainwright set a $3.00 price target on Top Image Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.50.

The firm’s market cap is $23.49 million. The firm’s 50 day moving average price is $1.19 and its 200-day moving average price is $1.27.

Top Image Systems (NASDAQ:TISA) last released its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02). The firm had revenue of $7.41 million during the quarter, compared to analyst estimates of $7.36 million. Top Image Systems had a negative net margin of 25.99% and a negative return on equity of 38.85%. Equities analysts forecast that Top Image Systems, Ltd. will post ($0.16) EPS for the current year.

An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC raised its position in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,600 shares of the software maker’s stock after buying an additional 1,200 shares during the period. Renaissance Technologies LLC owned 0.92% of Top Image Systems worth $219,000 as of its most recent SEC filing. 5.26% of the stock is owned by hedge funds and other institutional investors.

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Top Image Systems Company Profile

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

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