Monotype Imaging (NASDAQ:TYPE) has been given a $31.00 price objective by stock analysts at B. Riley in a research note issued on Tuesday. The firm presently has a “buy” rating on the software maker’s stock. B. Riley’s price target points to a potential upside of 76.04% from the company’s current price.
Several other equities analysts also recently commented on TYPE. Zacks Investment Research upgraded Monotype Imaging from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, July 3rd. BidaskClub downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, ValuEngine downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Three analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Monotype Imaging has a consensus rating of “Hold” and an average target price of $26.00.
Monotype Imaging stock traded down $0.04 during trading on Tuesday, hitting $17.61. The stock had a trading volume of 8,162 shares, compared to its average volume of 210,336. Monotype Imaging has a 1 year low of $17.50 and a 1 year high of $26.75. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.25. The company has a market cap of $746.50 million, a price-to-earnings ratio of 33.15 and a beta of 0.96.
Monotype Imaging Company Profile
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.
Further Reading: Moving Average (MA)
Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.