Safeguard Scientifics (NYSE:SFE) Announces Earnings Results

Safeguard Scientifics (NYSE:SFE) issued its quarterly earnings results on Thursday. The asset manager reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.44, Fidelity Earnings reports.

SFE traded up $0.04 during trading on Friday, reaching $11.97. 39,008 shares of the company were exchanged, compared to its average volume of 72,544. The company’s 50-day moving average is $11.34 and its two-hundred day moving average is $11.77. The company has a market cap of $241.22 million, a price-to-earnings ratio of -15.75 and a beta of 0.83. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.02. Safeguard Scientifics has a 12-month low of $7.98 and a 12-month high of $12.91.

A number of brokerages have recently commented on SFE. ValuEngine raised Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Zacks Investment Research cut Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Saturday.

About Safeguard Scientifics

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.

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Earnings History for Safeguard Scientifics (NYSE:SFE)

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