ValuEngine cut shares of Determine (NASDAQ:DTRM) from a sell rating to a strong sell rating in a research note published on Friday morning.

A number of other research analysts have also weighed in on DTRM. Maxim Group set a $3.00 price objective on Determine and gave the company a buy rating in a research report on Friday, August 11th. B. Riley initiated coverage on Determine in a research report on Monday, October 16th. They set a buy rating and a $3.50 price objective for the company.

Shares of Determine (NASDAQ:DTRM) traded down $0.04 during trading on Friday, hitting $1.64. The stock had a trading volume of 41,439 shares, compared to its average volume of 36,560. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.84. Determine has a 52-week low of $1.56 and a 52-week high of $3.93.

Determine (NASDAQ:DTRM) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.10) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.10). The firm had revenue of $6.89 million during the quarter, compared to analyst estimates of $6.77 million. Determine had a negative return on equity of 88.32% and a negative net margin of 30.72%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) earnings per share. analysts anticipate that Determine will post -0.46 earnings per share for the current fiscal year.

In related news, major shareholder Lloyd I. Miller III sold 25,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $1.73, for a total value of $43,250.00. Following the completion of the transaction, the insider now owns 250,820 shares of the company’s stock, valued at approximately $433,918.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.96% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in shares of Determine in the 2nd quarter valued at about $203,000. Renaissance Technologies LLC lifted its stake in Determine by 24.5% in the first quarter. Renaissance Technologies LLC now owns 149,814 shares of the technology company’s stock worth $509,000 after purchasing an additional 29,500 shares during the last quarter. Finally, AWM Investment Company Inc. lifted its stake in Determine by 103.2% in the second quarter. AWM Investment Company Inc. now owns 1,455,220 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 739,000 shares during the last quarter. 17.63% of the stock is owned by hedge funds and other institutional investors.

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About Determine

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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