ValuEngine lowered shares of Top Image Systems (NASDAQ:TISA) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

TISA has been the topic of a number of other research reports. Zacks Investment Research downgraded Top Image Systems from a hold rating to a sell rating in a research report on Wednesday, August 23rd. HC Wainwright set a $3.00 target price on Top Image Systems and gave the company a buy rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $2.50.

Shares of Top Image Systems (TISA) opened at $1.09 on Friday. Top Image Systems has a 1 year low of $0.96 and a 1 year high of $1.75.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC grew its position in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,600 shares of the software maker’s stock after buying an additional 1,200 shares during the quarter. Renaissance Technologies LLC owned 0.92% of Top Image Systems worth $219,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.36% of the company’s stock.

WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/top-image-systems-tisa-downgraded-by-valuengine-to-strong-sell/1772142.html.

About Top Image Systems

Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Top Image Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Image Systems and related companies with MarketBeat.com's FREE daily email newsletter.