American Software, Inc. AMSWA was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came after the company reported earnings per share of 7 cents for second-quarter fiscal 2016. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $9.73 to $10.52 over the past one month time frame.
The stock has witnessed one downward estimate revision in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
American Software carries a Zacks Rank #3 (Hold).
A better-ranked stock in the comp-software industry is Autodesk, Inc. ADSK, sporting a Zacks Rank #1 (Strong Buy).
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Is AMSWA going up? Or down? Predict to see what others think: Up or Down
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