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The Computer Software & Services industry as a whole closed the day down 1.3% versus the S&P 500, which was down 1.9%. Laggards within the Computer Software & Services industry included Kingtone Wirelessinfo Solution ( KONE), down 7.3%, Intelligent Systems ( INS), down 1.6%, Cover-All Technologies ( COVR), down 5.7%, Sajan ( SAJA), down 8.4% and Medical Transcription Billing ( MTBC), down 8.4%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Medical Transcription Billing ( MTBC) is one of the companies that pushed the Computer Software & Services industry lower today. Medical Transcription Billing was down $0.23 (8.4%) to $2.51 on light volume. Throughout the day, 3,402 shares of Medical Transcription Billing exchanged hands as compared to its average daily volume of 12,400 shares. The stock ranged in price between $2.51-$2.71 after having opened the day at $2.71 as compared to the previous trading day's close of $2.74.

Medical Transcription Billing has a market cap of $25.7 million and is part of the services sector. Shares are unchanged year-to-date as of the close of trading on Friday. Currently there are 2 analysts who rate Medical Transcription Billing a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, Sajan ( SAJA) was down $0.48 (8.4%) to $5.21 on heavy volume. Throughout the day, 7,107 shares of Sajan exchanged hands as compared to its average daily volume of 3,900 shares. The stock ranged in price between $5.21-$5.53 after having opened the day at $5.53 as compared to the previous trading day's close of $5.69.

Sajan has a market cap of $27.0 million and is part of the services sector. Shares are unchanged year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.

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Cover-All Technologies ( COVR) was another company that pushed the Computer Software & Services industry lower today. Cover-All Technologies was down $0.07 (5.7%) to $1.18 on average volume. Throughout the day, 11,710 shares of Cover-All Technologies exchanged hands as compared to its average daily volume of 13,600 shares. The stock ranged in price between $1.18-$1.22 after having opened the day at $1.22 as compared to the previous trading day's close of $1.25.

Cover-All Technologies Inc., through its subsidiary, Cover-All Systems, Inc., licenses and maintains software products for the property/casualty insurance industry in the United States and Puerto Rico. Cover-All Technologies has a market cap of $33.3 million and is part of the services sector. Shares are unchanged year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Cover-All Technologies as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on COVR go as follows:

  • COVR has underperformed the S&P 500 Index, declining 17.61% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Software industry and the overall market, COVER-ALL TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • 45.78% is the gross profit margin for COVER-ALL TECHNOLOGIES INC which we consider to be strong. Regardless of COVR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, COVR's net profit margin of 3.29% is significantly lower than the industry average.
  • COVR, with its decline in revenue, underperformed when compared the industry average of 26.4%. Since the same quarter one year prior, revenues slightly dropped by 1.1%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • COVR's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.94 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here: Cover-All Technologies Ratings Report

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