Maxim Group Reaffirms Buy Rating for FRONTEO (FTEO)

Maxim Group reissued their buy rating on shares of FRONTEO (NASDAQ:FTEO) in a report issued on Monday. Maxim Group currently has a $15.00 price target on the information technology services provider’s stock.

“September quarter results make it clear US Legal Business turnaround is beginning to transpire. FY18 EBIT guidance maintained, though FY18 revenue guidance reduced as US operations focus on more profitable business. Our published estimates based in USD are negatively impacted by unfavorable currency headwinds. Maintaining 12-month price target of $15 and Buy Rating.”,” Maxim Group’s analyst commented.

FRONTEO (NASDAQ:FTEO) traded up $0.14 on Monday, hitting $12.56. 100 shares of the stock were exchanged, compared to its average volume of 687. FRONTEO has a one year low of $9.06 and a one year high of $15.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.19 and a current ratio of 2.21.

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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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