Astea International (OTCMKTS:ATEA) Stock Rating Upgraded by ValuEngine

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

ATEA stock opened at $4.95 on Tuesday. Astea International has a 12-month low of $1.25 and a 12-month high of $9.09. The stock’s 50 day simple moving average is $5.66 and its 200 day simple moving average is $5.92.

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

In other news, major shareholder David Kanen purchased 48,100 shares of the stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $5.41 per share, with a total value of $260,221.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 62,335 shares of company stock worth $339,400 over the last three months. Insiders own 57.50% of the company’s stock.

Astea International Company Profile

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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