FRONTEO (NASDAQ:FTEO) Receives Buy Rating from Maxim Group

Maxim Group restated their buy rating on shares of FRONTEO (NASDAQ:FTEO) in a research note published on Friday, February 23rd, reports. They currently have a $16.00 price target on the information technology services provider’s stock, up from their prior price target of $15.00.

“Dec Q results indicate AI business continues to gain momentum despite minor slowdown of US Legal Business trajectory. FY18 revenue and EBIT guidance was maintained, though FY18 net income guidance was reduced due to greater US restructuring costs and weaker exchange rates. Continued strength from AI Business gives us increased confidence in long- term profitable growth; raising 12-month price target to $16, up from $15.”,” Maxim Group’s analyst wrote.

FRONTEO (NASDAQ:FTEO) traded up $0.57 during trading on Friday, hitting $14.69. 700 shares of the stock traded hands, compared to its average volume of 988. The firm has a market cap of $279.28, a price-to-earnings ratio of -26.23 and a beta of 1.15. The company has a quick ratio of 1.87, a current ratio of 1.89 and a debt-to-equity ratio of 1.33. FRONTEO has a one year low of $9.06 and a one year high of $15.00.

FRONTEO (NASDAQ:FTEO) last announced its earnings results on Wednesday, February 14th. The information technology services provider reported $0.06 EPS for the quarter. The business had revenue of $28.68 million during the quarter. FRONTEO had a negative net margin of 9.78% and a negative return on equity of 13.44%.

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FRONTEO, Inc, formerly UBIC, Inc, is a provider of Asian-language e-Discovery solutions and services. The Company offers a range of e-Discovery and forensic services, such as data collection, data processing, data review and document production. The Company’s segments include Japan, the U. S. and Other.

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