Safeguard Scientifics (NYSE:SFE) Issues Earnings Results, Beats Estimates By $0.44 EPS

Safeguard Scientifics (NYSE:SFE) issued its earnings results on Thursday. The asset manager reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.44, Fidelity Earnings reports.

Shares of NYSE:SFE traded up $0.04 on Friday, hitting $11.97. The company had a trading volume of 39,008 shares, compared to its average volume of 72,544. Safeguard Scientifics has a 1-year low of $7.98 and a 1-year high of $12.91. The stock has a market cap of $241.22 million, a price-to-earnings ratio of -15.75 and a beta of 0.83. The stock has a 50 day moving average price of $11.34 and a 200 day moving average price of $11.77. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.02.

A number of brokerages recently weighed in on SFE. ValuEngine upgraded shares of Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th. Zacks Investment Research downgraded shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a report on Saturday.

About Safeguard Scientifics

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.

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Earnings History for Safeguard Scientifics (NYSE:SFE)

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