Solium Capital (TSX: SUM), the Technology company, has received a rating update from a Wall Street analyst yesterday. Analyst Paul Steep from Scotiabank rated Solium Capital (TSX: SUM) a Hold, setting a C$12.50 price target.
According to TipRanks.com, Steep is ranked #780 out of 4850 analysts.
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Currently, the analyst consensus on Solium Capital is a Moderate Buy with an average price target of C$13.33.
Based on Solium Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$1.62 million. In comparison, last year the company had a net profit of C$2.25 million.
Solium Capital, Inc. engages in the provision of cloud-enabled services for global equity administration, financial reporting, and compliance. It operates through the following geographical segments: Canada, U.S., and International.
The company’s shares closed on Thursday at C$12.05.
