Rimini Street (NASDAQ:RMNI) posted its quarterly earnings data on Thursday. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. Rimini Street had a negative return on equity of 8.20% and a negative net margin of 15.41%. The firm had revenue of $68.95 million for the quarter, compared to the consensus estimate of $69.21 million.
Shares of NASDAQ RMNI traded up $0.18 during trading on Friday, hitting $4.14. The company had a trading volume of 54,600 shares, compared to its average volume of 60,725. The firm has a market capitalization of $272.79 million, a P/E ratio of -12.94, a price-to-earnings-growth ratio of 0.59 and a beta of -0.15. Rimini Street has a 12 month low of $3.63 and a 12 month high of $7.26. The stock has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.76.
Separately, Zacks Investment Research raised Rimini Street from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Saturday.
Rimini Street Company Profile
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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