Shares of GTY Technology Holdings Inc (NASDAQ:GTYH) traded up 5.9% during trading on Friday . The company traded as high as $7.39 and last traded at $7.20, 208,882 shares traded hands during trading. An increase of 126% from the average session volume of 92,412 shares. The stock had previously closed at $6.80.

A number of analysts have recently commented on the company. BidaskClub raised GTY Technology from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 10th. ValuEngine lowered GTY Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th.

The stock has a 50 day moving average price of $6.11 and a 200 day moving average price of $5.87. The stock has a market capitalization of $375.89 million, a price-to-earnings ratio of -5.76 and a beta of -0.26. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.02.

Several institutional investors have recently bought and sold shares of GTYH. BlackRock Inc. acquired a new position in shares of GTY Technology in the second quarter worth approximately $10,020,000. Vanguard Group Inc. acquired a new position in shares of GTY Technology in the second quarter worth approximately $4,128,000. State Street Corp lifted its stake in shares of GTY Technology by 48.4% in the third quarter. State Street Corp now owns 587,326 shares of the company’s stock worth $3,683,000 after acquiring an additional 191,433 shares during the period. Northern Trust Corp acquired a new position in shares of GTY Technology in the second quarter worth approximately $540,000. Finally, Morgan Stanley acquired a new position in shares of GTY Technology in the second quarter worth approximately $264,000. 28.79% of the stock is currently owned by institutional investors.

GTY Technology Company Profile (NASDAQ:GTYH)

GTY Technology Holdings Inc provides cloud-based suite of solutions for state and local governments in North America. The company develops software technologies for the procurement and vendor or supplier sourcing industry in government, public sector, and various highly-regulated commercial vertical markets; content, digital, and integrated payment services via a software-as-a-service platform for government agencies and utility companies.

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