QuoteMedia Inc (QMCI) Gets a Buy Rating from Noble Financial

Noble Financial analyst Michael Kupinski maintained a Buy rating on QuoteMedia Inc (QMCI) yesterday and set a price target of $0.25. The company’s shares closed last Monday at $0.19.

According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 34.3% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Tribune Publishing Co, and 1-800 Flowers.com.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for QuoteMedia Inc with a $0.25 average price target.

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Based on QuoteMedia Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $202.4K. In comparison, last year the company had a net profit of $112.5K.

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QuoteMedia, Inc. engages in the provision of financial data, news feeds, market research information, and financial software solutions to online brokerages, clearing firms, banks, financial service companies, media portals, and public corporations.

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