Temenos Group (OTCMKTS:TMSNY) Trading 0.6% Higher - Time to Buy?

Key Points

• Temenos Group's stock increased by 0.6% during mid-day trading, reaching a price of $80.15, despite a 29% decline in trading volume compared to its average session volume.
• Investment sentiment has shifted, with Zacks Research downgrading Temenos from "strong-buy" to "hold", which aligns with an overall average rating of "Hold" among analysts.
• The company's financial metrics indicate a debt-to-equity ratio of 1.11, suggesting a need for caution regarding its financial leverage.

Temenos Group (OTCMKTS:TMSNY - Get Free Report) traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $80.50 and last traded at $80.15. 3,333 shares changed hands during trading, a decline of 29% from the average session volume of 4,698 shares. The stock had previously closed at $79.70.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Temenos Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Temenos Group currently has an average rating of "Hold".

Temenos Group Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50 day moving average price of $83.88 and a 200 day moving average price of $78.94.

About Temenos Group

Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. Its Temenos Banking Cloud helps banks to offer open banking services. The company provides Temenos Infinity, a digital banking platform; Temenos Transact, a core banking software for retail, corporate, treasury, wealth, and payments; Temenos Payments, a software-as-a-service payments technology; Temenos Multifonds, a platform for traditional and alternative funds, as well as offers key asset servicing, position keeping, valuation and accounting functions for various structures of pooled vehicles and funds; Temenos Multifonds Navigator, a net asset value shadow, oversight, and contingency solution; and Temenos Quantum, a multi-experience development platform.

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