NIC Inc. (EGOV) Jumps: Stock Rises 9.4% – Tale of the Tape

Zacks

NIC Inc. (EGOV) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.24 to $16.10 in the past one month time frame.

None of the estimates for this Internet software industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NIC carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same sector include Rally Software Development Corp. (RALY), Textura Corporation (TXTR) and Cvent, Inc. (CVT). While Rally Software and Textura Corporation sport a Zacks Rank #1 (Strong Buy), Cvent holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply