Temenos Group (OTCMKTS:TMSNY) Shares Gap Up – Time to Buy?

Temenos Group (OTCMKTS:TMSNY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $85.36, but opened at $90.97. Temenos Group shares last traded at $90.98, with a volume of 633 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Temenos Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Temenos Group Trading Up 1.4%

The stock’s 50 day moving average is $93.86 and its 200 day moving average is $89.26. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.35.

Temenos Group (OTCMKTS:TMSNY) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $314.64 million for the quarter. Temenos Group had a return on equity of 55.03% and a net margin of 28.77%. Equities analysts expect that Temenos Group will post 3.94 earnings per share for the current 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.