Logility Supply Chain Solutions (NASDAQ:LGTY) Shares Up 0.1% – Still a Buy?

Logility Supply Chain Solutions, Inc. (NASDAQ:LGTY) shares rose 0.1% on Monday . The stock traded as high as $14.29 and last traded at $14.26. Approximately 719,344 shares changed hands during trading, an increase of 28% from the average daily volume of 561,811 shares. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

LGTY has been the subject of a number of research reports. Maxim Group downgraded shares of Logility Supply Chain Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. B. Riley cut Logility Supply Chain Solutions from a “buy” rating to a “neutral” rating in a report on Monday, January 27th.

Logility Supply Chain Solutions Stock Performance

The stock has a market capitalization of $480.41 million, a price-to-earnings ratio of -1,426.00 and a beta of 0.88. The company has a 50 day simple moving average of $13.93.

Logility Supply Chain Solutions (NASDAQ:LGTY) last announced its earnings results on Thursday, February 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $25.01 million during the quarter, compared to analysts’ expectations of $25.09 million. Logility Supply Chain Solutions had a negative net margin of 0.54% and a positive return on equity of 5.52%. Equities research analysts predict that Logility Supply Chain Solutions, Inc. will post 0.21 earnings per share for the current year.

About Logility Supply Chain Solutions

Logility Supply Chain Solutions Inc is a provider of AI-first supply chain management solutions engineered to help organizations build sustainable digital supply chains. Logility Supply Chain Solutions Inc, formerly known as American Software Inc, is based in ATLANTA.