Logility Supply Chain Solutions (NASDAQ:LGTY) Trading 0.1% Higher – Still a Buy?

Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY)’s stock price rose 0.1% during mid-day trading on Monday . The company traded as high as $14.29 and last traded at $14.26. Approximately 719,344 shares traded hands during trading, an increase of 28% from the average daily volume of 561,811 shares. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. B. Riley lowered shares of Logility Supply Chain Solutions from a “buy” rating to a “neutral” rating in a research note on Monday, January 27th. Maxim Group downgraded shares of Logility Supply Chain Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Logility Supply Chain Solutions Price Performance

The stock has a 50 day simple moving average of $13.99. The company has a market capitalization of $481.08 million, a PE ratio of -1,428.00 and a beta of 0.88.

Logility Supply Chain Solutions (NASDAQ:LGTY) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $25.01 million during the quarter, compared to the consensus estimate of $25.09 million. Logility Supply Chain Solutions had a positive return on equity of 5.52% and a negative net margin of 0.54%. As a group, sell-side analysts anticipate that Logility Supply Chain Solutions, Inc. will post 0.21 earnings per share for the current fiscal year.

About Logility Supply Chain Solutions

Logility Supply Chain Solutions Inc is a provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains. Logility Supply Chain Solutions Inc, formerly known as American Software Inc, is based in ATLANTA.