CynergisTek (NYSEAMERICAN:CTEK) Downgraded by Craig Hallum to “Hold”

Craig Hallum lowered shares of CynergisTek (NYSEAMERICAN:CTEKGet Rating) from a buy rating to a hold rating in a report issued on Tuesday, The Fly reports.

Shares of CTEK opened at $1.19 on Tuesday. CynergisTek has a 52-week low of $0.58 and a 52-week high of $2.85. The company has a market capitalization of $15.78 million, a price-to-earnings ratio of -7.00 and a beta of 1.45.

CynergisTek (NYSEAMERICAN:CTEKGet Rating) last issued its quarterly earnings data on Monday, May 16th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. CynergisTek had a negative return on equity of 5.22% and a negative net margin of 13.04%.

A number of large investors have recently made changes to their positions in CTEK. Greenhaven Road Investment Management L.P. acquired a new stake in CynergisTek during the 1st quarter valued at $50,000. Renaissance Technologies LLC lifted its holdings in CynergisTek by 20.6% during the first quarter. Renaissance Technologies LLC now owns 196,469 shares of the company’s stock worth $263,000 after acquiring an additional 33,586 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in CynergisTek by 25.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 345,727 shares of the company’s stock worth $498,000 after acquiring an additional 69,255 shares in the last quarter. Finally, Horton Capital Management LLC lifted its holdings in shares of CynergisTek by 5.6% in the third quarter. Horton Capital Management LLC now owns 749,417 shares of the company’s stock valued at $1,349,000 after purchasing an additional 39,413 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

CynergisTek Company Profile (Get Rating)

CynergisTek, Inc provides cyber security, privacy, and compliance services in the United States. The company identifies, measures, and tests security and privacy risk of organization, as well as verifies and validates their programs to meet compliance and business objectives through IT audits, technical testing, and risk and program assessments; develops policies, procedures, and playbooks to help build out a risk management program; and verifies the processes, people, and technology are working effectively.

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