Zacks Investment Research Analysts Downgrade Safeguard Scientifics Shares to “Neutral” (SFE)

Safeguard Scientifics (NYSE: SFE) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

Safeguard Scientifics, Inc. (Safeguard) is engaged in providing capital, as well as a range of strategic, operational and management resources to its partner companies. Safeguard participates in expansion financings, corporate spin-outs, management buy-outs, recapitalizations, industry consolidations and early stage financings. The Company concentrates on companies operating in technology and life sciences. It focuses on companies with capital requirements of up to $25 million that operate in two sectors: technology and life sciences. The technology-based companies includes companies focused on healthcare information technology, financial services technology and Internet/new media businesses that have recurring or transactional revenue models.

Safeguard Scientifics traded up 0.17% on Thursday, hitting $17.29. Safeguard Scientifics has a 1-year low of $13.02 and a 1-year high of $21.35. The stock has a 50-day moving average of $16.30 and a 200-day moving average of $15.74. The company has a market cap of $358.3 million and a price-to-earnings ratio of 2.29.

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Posted by Web Inquirer Staff on 9 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.