Rimini Street (NASDAQ:RMNI) released its earnings results on Thursday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06, Fidelity Earnings reports. Rimini Street had a negative net margin of 15.41% and a negative return on equity of 8.20%. The company had revenue of $68.95 million for the quarter, compared to analysts’ expectations of $69.21 million.
NASDAQ RMNI traded up $0.18 on Friday, reaching $4.14. 54,600 shares of the stock were exchanged, compared to its average volume of 60,725. The company’s 50-day simple moving average is $4.14 and its two-hundred day simple moving average is $4.76. The firm has a market capitalization of $272.79 million, a PE ratio of -12.94, a PEG ratio of 0.59 and a beta of -0.15. Rimini Street has a one year low of $3.63 and a one year high of $7.26.
Separately, Zacks Investment Research upgraded shares of Rimini Street from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Saturday.
About Rimini Street
Rimini Street, Inc provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.
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