Astea International (OTCMKTS:ATEA) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Astea International (OTCMKTS:ATEA) from a hold rating to a buy rating in a report released on Tuesday morning, ValuEngine reports.

Shares of OTCMKTS:ATEA opened at $4.95 on Tuesday. Astea International has a twelve month low of $1.25 and a twelve month high of $9.09. The firm has a 50 day simple moving average of $5.68 and a 200-day simple moving average of $5.93.

Astea International (OTCMKTS:ATEA) last issued its quarterly earnings data on Tuesday, August 13th. The software maker reported ($0.20) earnings per share for the quarter. The company had revenue of $6.42 million for the quarter. Astea International had a negative return on equity of 6.86% and a negative net margin of 2.22%.

In other Astea International news, major shareholder David Kanen purchased 6,500 shares of Astea International stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $5.65 per share, for a total transaction of $36,725.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 62,335 shares of company stock valued at $339,400 in the last 90 days. Insiders own 57.50% of the company’s stock.

About Astea International

Astea International Inc develops, markets, and supports service management software solutions worldwide. It offers Astea Alliance, a service management software that addresses the service lifecycle applications, including lead generation, project quotation, service and billing, and asset retirement; and integrates and optimizes business processes for campaigns, call center, depot repair, field service, logistics, projects, and sales and order processing applications.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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