Determine, Inc. (DTRM) Announces Quarterly Earnings Results
Determine, Inc. (NASDAQ:DTRM) announced its quarterly earnings data on Thursday. The technology company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10), Briefing.com reports. Determine had a negative net margin of 32.97% and a negative return on equity of 100.02%. The business had revenue of $6.89 million during the quarter, compared to analysts’ expectations of $6.77 million. During the same period in the previous year, the business posted ($0.28) EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.
Shares of Determine (NASDAQ DTRM) traded up $0.16 during midday trading on Thursday, reaching $2.30. 22,744 shares of the company’s stock traded hands, compared to its average volume of 29,459. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.70. Determine has a twelve month low of $1.58 and a twelve month high of $3.93.
Several analysts have commented on DTRM shares. B. Riley started coverage on shares of Determine in a research note on Monday, October 16th. They set a “buy” rating and a $3.50 price objective for the company. Maxim Group set a $3.00 price objective on shares of Determine and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, ValuEngine cut shares of Determine from a “hold” rating to a “sell” rating in a research note on Saturday, July 22nd.
In other news, CEO Patrick Stakenas bought 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $1.75 per share, for a total transaction of $28,000.00. Following the purchase, the chief executive officer now directly owns 879,009 shares in the company, valued at approximately $1,538,265.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders purchased 34,500 shares of company stock valued at $60,165. Company insiders own 9.96% of the company’s stock.
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Determine, Inc, (Determine), formerly Selectica, Inc, is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
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