Manhattan Associates (NASDAQ: MANH)‘s stock had its “hold” rating reiterated by research analysts at Benchmark Co. in a report issued on Tuesday.
Separately, analysts at Zacks Investment Research downgraded shares of Manhattan Associates from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 21st. Also, analysts at ThinkEquity initiated coverage on shares of Manhattan Associates in a research note to investors on Friday, December 9th. They set a “hold” rating on the stock.
Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain solutions. The Company’s solutions consist of software, services and hardware, which coordinate people, workflows, assets, events and tasks. These solutions also help coordinate the actions, data exchange and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers and Web outlets) and consumers. The Company has three reporting segments: Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC).
Shares of Manhattan Associates traded up 1.62% during mid-day trading on Tuesday, hitting $43.78. Manhattan Associates has a one year low of $28.11 and a one year high of $46.62. The stock’s 50-day moving average is $42.00 and its 200-day moving average is $38.99. The company has a market cap of $905.9 million and a P/E ratio of 22.99.