SilverSun Technologies (SSNT) Hits New 12-Month Low at $2.58

SilverSun Technologies Inc (NASDAQ:SSNT)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $2.58 and last traded at $2.88, with a volume of 2315 shares traded. The stock had previously closed at $3.16.

Separately, Westpark Capital set a $7.00 target price on shares of SilverSun Technologies and gave the stock a “buy” rating in a research report on Friday, August 24th.

The stock has a market capitalization of $12.96 million, a P/E ratio of 24.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.84.

SilverSun Technologies (NASDAQ:SSNT) last issued its earnings results on Tuesday, November 13th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $11.29 million for the quarter, compared to analyst estimates of $10.87 million. SilverSun Technologies had a negative net margin of 2.13% and a positive return on equity of 5.02%. Analysts predict that SilverSun Technologies Inc will post 0.24 EPS for the current fiscal year.

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SilverSun Technologies Company Profile (NASDAQ:SSNT)

SilverSun Technologies, Inc operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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