Temenos Group (OTCMKTS:TMSNY) Shares Down 7.1% – Here’s Why

Shares of Temenos Group (OTCMKTS:TMSNY) were down 7.1% on Wednesday . The company traded as low as $86.66 and last traded at $86.66. Approximately 63 shares were traded during trading, a decline of 97% from the average daily volume of 1,961 shares. The stock had previously closed at $93.27.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup raised shares of Temenos Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Barclays upgraded Temenos Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Berenberg Bank raised Temenos Group to a “hold” rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Temenos Group Price Performance

The business has a fifty day simple moving average of $93.25 and a 200 day simple moving average of $93.05. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 143.18, a PEG ratio of 1.78 and a beta of 0.77. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.58 and a quick ratio of 0.58.

Temenos Group (OTCMKTS:TMSNY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter. Temenos Group had a net margin of 25.72% and a return on equity of 52.71%. The firm had revenue of $314.64 million for the quarter. As a group, equities analysts forecast that Temenos Group will post 4.82 EPS for the current fiscal year.

About Temenos Group

Temenos Group is a leading provider of banking software systems, specializing in core banking platforms and digital front?end solutions for financial institutions worldwide. The company’s flagship product, Temenos Transact, delivers end?to?end core banking functionality, enabling banks to manage accounts, deposits, loans and payments on a unified platform. Complementing this offering, Temenos Infinity provides digital banking capabilities, including online and mobile channels, customer onboarding, relationship management and analytics tools designed to enhance customer engagement and operational efficiency.

Founded in Geneva in 1993, Temenos serves more than 3,000 financial institutions across over 150 countries, ranging from community banks and credit unions to global systemically important banks.