Cartesian, Inc. (NASDAQ:CRTN) issued its quarterly earnings results on Monday, May 15th. The business services provider reported ($0.10) EPS for the quarter, Morningstar.com reports. Cartesian had a negative return on equity of 17.14% and a negative net margin of 22.07%. The business had revenue of $14.27 million for the quarter.
Shares of Cartesian (CRTN) traded down 1.5922% during midday trading on Friday, reaching $0.6366. 39,243 shares of the company’s stock traded hands. Cartesian has a 12 month low of $0.41 and a 12 month high of $1.57. The stock has a 50 day moving average of $0.59 and a 200-day moving average of $0.89. The stock’s market cap is $5.76 million.
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Separately, ValuEngine raised shares of Cartesian from a “sell” rating to a “hold” rating in a research report on Saturday, May 27th.
Cartesian, Inc, formerly The Management Network Group, Inc, is a provider of professional services and technical solutions to the communications, digital media and technology sectors. The Company has three segments: the North America segment, the EMEA segment and the Strategic Alliances segment. The North America and EMEA segments include the Company’s operational, technology and software consulting services inside of North America and outside of North America, respectively.
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