Temenos Group (OTCMKTS:TMSNY) Shares Down 3.8% – Here’s Why

Temenos Group (OTCMKTS:TMSNY)’s share price fell 3.8% on Thursday . The company traded as low as $89.26 and last traded at $89.53. 2,538 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 5,121 shares. The stock had previously closed at $93.05.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Temenos Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Temenos Group Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average price of $82.87 and a 200 day moving average price of $80.09.

Temenos Group Company Profile

Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. Its Temenos Banking Cloud helps banks to offer open banking services. The company provides Temenos Infinity, a digital banking platform; Temenos Transact, a core banking software for retail, corporate, treasury, wealth, and payments; Temenos Payments, a software-as-a-service payments technology; Temenos Multifonds, a platform for traditional and alternative funds, as well as offers key asset servicing, position keeping, valuation and accounting functions for various structures of pooled vehicles and funds; Temenos Multifonds Navigator, a net asset value shadow, oversight, and contingency solution; and Temenos Quantum, a multi-experience development platform.