Park City Group (PCYG) Downgraded by Zacks Investment Research
Park City Group (NASDAQ:PCYG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group was founded by Randy Fields, the co-founder and former chairman of Mrs. Fields Cookies. Public since May 2001, the company’s strategy is to rapidly expand its market share within the grocery and specialty retail sectors. “
Park City Group (NASDAQ:PCYG) opened at $10.70 on Wednesday. Park City Group has a 52-week low of $8.10 and a 52-week high of $16.30. The firm has a market cap of $208.66, a P/E ratio of 82.31, a PEG ratio of 2.30 and a beta of 1.11. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.78 and a current ratio of 2.78.
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About Park City Group
Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.
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