Dassault Systemes (OTCMKTS:DASTY) Announces Quarterly Earnings Results

Dassault Systemes (OTCMKTS:DASTY) announced its quarterly earnings results on Wednesday. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Zacks reports.

Dassault Systemes Trading Down 3.6%

Shares of OTCMKTS:DASTY traded down $0.98 during mid-day trading on Wednesday, reaching $26.47. 9,993 shares of the company traded hands, compared to its average volume of 250,565. The company’s 50 day moving average price is $25.01 and its 200-day moving average price is $23.24. Dassault Systemes has a 52 week low of $18.99 and a 52 week high of $29.35.

Wall Street Analyst Weigh In

A number of research firms have commented on DASTY. Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research report on Monday, July 27th. Jefferies Financial Group upgraded Dassault Systemes to a “moderate sell” rating in a research note on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Dassault Systemes in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Dassault Systemes

Dassault Systèmes SE is a France-based software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle management solutions. Its technologies help organizations create, test, manufacture, and manage products and processes in virtual environments.

The company’s principal offering is the 3DEXPERIENCE platform, which connects design, engineering, simulation, manufacturing, and collaboration tools. Its portfolio includes CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, SIMULIA for simulation, DELMIA for manufacturing and operations, ENOVIA for product lifecycle management, and BIOVIA for scientific modeling and materials science.