Logility Supply Chain Solutions (NASDAQ:LGTY) Posts Earnings Results

Logility Supply Chain Solutions (NASDAQ:LGTY) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01, Zacks reports. The company had revenue of $25.01 million during the quarter, compared to the consensus estimate 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%.

Logility Supply Chain Solutions Trading Down 0.1 %

LGTY traded down $0.02 on Friday, hitting $14.08. 830,712 shares of the company’s stock traded hands, compared to its average volume of 702,539. The firm has a 50 day simple moving average of $12.24. The company has a market capitalization of $474.21 million, a price-to-earnings ratio of -1,408.00 and a beta of 0.77. Logility Supply Chain Solutions has a one year low of $8.41 and a one year high of $14.19.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. B. Riley cut shares of Logility Supply Chain Solutions from a “buy” rating to a “neutral” rating in a report on Monday, January 27th. Maxim Group cut shares of Logility Supply Chain Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

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.