Science Applications International (NASDAQ:SAIC) Stock Price Down 6.8% – What’s Next?

Science Applications International Corporation (NASDAQ:SAIC)’s share price fell 6.8% during mid-day trading on Monday . The company traded as low as $102.50 and last traded at $102.65. 283,569 shares were traded during trading, a decline of 43% from the average session volume of 496,297 shares. The stock had previously closed at $110.14.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. Zacks Research upgraded shares of Science Applications International from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 26th. Finally, Citigroup upgraded Science Applications International to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Buy”.

Science Applications International Stock Down 5.2%

The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 13.35 and a beta of 0.28. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.64. The firm’s fifty day simple moving average is $100.03 and its two-hundred day simple moving average is $103.67.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Thursday, December 4th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a return on equity of 33.19% and a net margin of 5.05%.The company had revenue of $1.87 billion during the quarter.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.