AgileThought (NASDAQ:AGIL) Lowered to Sell at Zacks Investment Research

AgileThought (NASDAQ:AGILGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “AgileThought Inc. is a provider of digital transformation services, custom software development and next-generation technologies. It serves architects, developers, data scientists, engineers, transformation consultants, automation specialists and other experts. AgileThought Inc., formerly known as LIV Capital Acquisition Corp., is based in IRVING, Texas. “

Shares of NASDAQ:AGIL traded down $0.08 on Tuesday, reaching $4.33. The company had a trading volume of 1,044 shares, compared to its average volume of 36,229. AgileThought has a 52-week low of $3.95 and a 52-week high of $36.13. The firm’s 50 day simple moving average is $4.59 and its 200-day simple moving average is $5.75. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.52.

AgileThought (NASDAQ:AGILGet Rating) last posted its quarterly earnings data on Thursday, March 31st. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. The business had revenue of $42.10 million during the quarter, compared to analyst estimates of $42.50 million. As a group, equities research analysts predict that AgileThought will post -0.39 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of AgileThought in the 4th quarter worth $40,000. Robeco Institutional Asset Management B.V. lifted its position in AgileThought by 80.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 10,616 shares of the company’s stock worth $50,000 after acquiring an additional 4,726 shares during the period. Citigroup Inc. acquired a new stake in AgileThought during the 1st quarter worth about $56,000. Geode Capital Management LLC acquired a new stake in AgileThought during the 3rd quarter worth about $199,000. Finally, Qube Research & Technologies Ltd acquired a new stake in AgileThought during the 4th quarter worth about $121,000. 26.08% of the stock is owned by hedge funds and other institutional investors.

AgileThought Company Profile (Get Rating)

AgileThought, Inc provides digital transformation services in the United States and Latin America. It offers product management services comprising AgileIgnite and DevOpsIgnite; user experience, application engineering, modernization and mobility, advanced data analytics, cloud architecture and migration, automation, and artificial intelligence and machine learning services.

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