Downgrade Alert for NIC (EGOV)
NIC (NASDAQ:EGOV) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $15.94 on volume of 682,000 shares, above average daily volume of 338,000.
There is potential upside of 1.3% for shares of NIC based on a current price of $15.94 and an average consensus analyst price target of $16.15. The stock should find initial support at its 50-day moving average (MA) of $15.89 and further support at its 200-day MA of $13.90.
NIC Inc. provides Internet-based electronic government solutions. The Company designs, builds, and operates Internet-based portals for state and local agencies in the United States.
In the past 52 weeks, NIC share prices have been bracketed by a low of $9.95 and a high of $17.35 and closed yesterday at $15.94, 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.
SmarTrend is tracking the current trend status for NIC and will alert subscribers who have EGOV in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades nic