Accelerize (ACLZ) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Accelerize (OTCBB:ACLZ) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “

Shares of Accelerize (ACLZ) traded down $0.02 during trading hours on Tuesday, reaching $0.28. The company’s stock had a trading volume of 35,280 shares, compared to its average volume of 39,334. Accelerize has a 52-week low of $0.25 and a 52-week high of $0.51. The company has a market capitalization of $18.41, a PE ratio of -4.68, a price-to-earnings-growth ratio of 1.20 and a beta of 2.30. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -1.08.

Accelerize (OTCBB:ACLZ) last announced its quarterly earnings results on Wednesday, November 15th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.07 million during the quarter, compared to analysts’ expectations of $6.10 million. equities research analysts forecast that Accelerize will post -0.01 earnings per share for the current fiscal year.

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Accelerize Company Profile

Accelerize Inc owns and operates CAKE and getcake.com, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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