SilverSun Technologies (NASDAQ:SSNT) rating downgraded to D+ at TheStreet

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SilverSun Technologies (NASDAQ: SSNT – Get a review) was downgraded by equity research analysts TheStreet from a “c” rating to a “d+” rating in a research note released Thursday to investors, TheStreetRatingsTable reports.

Shares of NASDAQ:SSNT opened at $2.87 on Thursday. SilverSun Technologies has a 52 week low of $2.72 and a 52 week high of $14.87. The company has a debt ratio of 0.08, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $14.74 million, a price-earnings ratio of -95.67 and a beta of 1.35. The stock’s 50-day simple moving average is $3.32 and its two-hundred-day simple moving average is $4.28.

A number of hedge funds and other institutional investors have been buying and selling stocks recently. Acadian Asset Management LLC increased its stake in SilverSun Technologies by 4.2% in the 4th quarter. Acadian Asset Management LLC now owns 130,883 shares of the company worth $584,000 after purchasing an additional 5,222 shares last quarter. Two Sigma Advisers LP increased its stake in SilverSun Technologies by 83.8% in the 3rd quarter. Two Sigma Advisers LP now owns 42,100 shares of the company worth $256,000 after acquiring 19,200 additional shares in the last quarter. Two Sigma Investments LP increased its stake in SilverSun Technologies by 123.9% in the third quarter. Two Sigma Investments LP now owns 23,286 shares of the company worth $141,000 after acquiring 12,886 additional shares in the last quarter. Millennium Management LLC acquired a new stake in SilverSun Technologies in Q3 for a value of approximately $66,000. Finally, Citadel Advisors LLC increased its stake in SilverSun Technologies by 10.2% in the 3rd quarter. Citadel Advisors LLC now owns 78,350 shares of the company worth $476,000 after acquiring an additional 7,244 shares in the last quarter. 19.50% of the shares are currently held by institutional investors.

About Silver Sun Technologies (Get an evaluation)

SilverSun Technologies, Inc. operates as an enterprise applications, technology and consulting company. The company resells enterprise resource planning software for financial accounting needs, as well as training, technical support and professional services. It also resells warehouse management system software, which controls the movement and storage of materials; and customer relationship management, human capital management and business intelligence products.

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