SeaChange International (NASDAQ:SEAC) Stock Passes Above Two Hundred Day Moving Average of $2.26

Shares of SeaChange International (NASDAQ:SEAC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.26 and traded as high as $3.85. SeaChange International shares last traded at $3.77, with a volume of 9,709 shares.

SEAC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Saturday, September 7th. ValuEngine lowered shares of SeaChange International from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

The company’s fifty day moving average is $3.18 and its 200 day moving average is $2.26. The company has a quick ratio of 1.89, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. The stock has a market cap of $128.39 million, a PE ratio of -9.28 and a beta of 0.91.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in SeaChange International in the third quarter valued at approximately $29,000. Millennium Management LLC acquired a new stake in SeaChange International in the third quarter valued at approximately $74,000. Russell Investments Group Ltd. grew its position in SeaChange International by 151.6% in the third quarter. Russell Investments Group Ltd. now owns 28,426 shares of the software maker’s stock valued at $83,000 after acquiring an additional 17,126 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in SeaChange International in the third quarter valued at approximately $192,000. Finally, Managed Asset Portfolios LLC grew its position in SeaChange International by 7.8% in the second quarter. Managed Asset Portfolios LLC now owns 151,095 shares of the software maker’s stock valued at $216,000 after acquiring an additional 10,870 shares in the last quarter. Hedge funds and other institutional investors own 30.62% of the company’s stock.

About SeaChange International (NASDAQ:SEAC)

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

Read More: Straddles

Receive News & Ratings for SeaChange International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaChange International and related companies with MarketBeat.com's FREE daily email newsletter.