Safeguard Scientifics (NYSE:SFE) Issues Earnings Results

Safeguard Scientifics (NYSE:SFE) announced its earnings results on Thursday. The asset manager reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.85) by $2.60, Bloomberg Earnings reports.

SFE traded up $0.25 during mid-day trading on Friday, reaching $11.86. 50,625 shares of the company traded hands, compared to its average volume of 62,814. The firm has a market cap of $232.10 million, a PE ratio of -15.61 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average is $11.78. Safeguard Scientifics has a 52-week low of $7.98 and a 52-week high of $12.91.

A number of brokerages have weighed in on SFE. ValuEngine upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Safeguard Scientifics from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research note on Tuesday, May 7th.

About Safeguard Scientifics

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.

Further Reading: Gross Domestic Product (GDP)

Earnings History for Safeguard Scientifics (NYSE:SFE)

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