CynergisTek (NYSEAMERICAN:CTEK) Trading Up 9.8%

CynergisTek Inc (NYSEAMERICAN:CTEK) shares were up 9.8% during trading on Friday . The stock traded as high as $3.35 and last traded at $3.15, approximately 106,200 shares traded hands during mid-day trading. An increase of 297% from the average daily volume of 26,780 shares. The stock had previously closed at $2.87.

Separately, Zacks Investment Research raised CynergisTek from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th.

CynergisTek (NYSEAMERICAN:CTEK) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $5.80 million.



A number of hedge funds have recently modified their holdings of CTEK. Morgan Stanley grew its stake in shares of CynergisTek by 208.0% during the second quarter. Morgan Stanley now owns 5,135 shares of the company’s stock valued at $25,000 after buying an additional 3,468 shares during the last quarter. Perkins Capital Management Inc. bought a new position in shares of CynergisTek during the first quarter valued at approximately $124,000. BlackRock Inc. grew its stake in shares of CynergisTek by 21.0% during the second quarter. BlackRock Inc. now owns 27,501 shares of the company’s stock valued at $133,000 after buying an additional 4,771 shares during the last quarter. Seizert Capital Partners LLC bought a new position in shares of CynergisTek during the second quarter valued at approximately $340,000. Finally, Globeflex Capital L P grew its stake in shares of CynergisTek by 18.5% during the first quarter. Globeflex Capital L P now owns 83,282 shares of the company’s stock valued at $414,000 after buying an additional 12,982 shares during the last quarter.

CynergisTek Company Profile (NYSEAMERICAN:CTEK)

Cynergistek, Inc provides outsourced document solutions, IT consulting data security, and managed print services primarily to the healthcare industry in the United States. The company offers Incident Response, Vendor Security Management, and Patient Privacy Monitoring Service, as well as Compliance Assist Partner Program.

Featured Article: What strategies should day traders use to execute a trade?

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