Textura Corp (TXTR) is Downgraded by Barrington Research to Underperform

Textura Corp (TXTR) was Downgraded by Barrington Research to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Barrington Research advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Textura Corp. The Benchmark Company Upgraded Textura Corp on Feb 10, 2016 to ” Hold”, Price Target of the shares are set at $14.

On the company’s financial health, Textura Corp reported $0.09 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.09. The company had revenue of $24.70 million for the quarter, compared to analysts expectations of $24.21 million. The company’s revenue was up 28.6% compared to the same quarter last year.

Textura Corp closed down -0.23 points or -0.87% at $26.16 with 17,07,619 shares getting traded on Monday. Post opening the session at $26.34, the shares hit an intraday low of $25.98 and an intraday high of $26.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Textura Corporation is a provider of collaboration and productivity tools for the construction industry. The Company’s solutions are focused on facilitating collaboration between owners/developers general contractors and subcontractors. The company’s collaboration solutions provide functionality data sharing and exchange capabilities and workflow tools that support several business processes undertaken by its clients. Its collaborative solutions include Construction Payment Management (CPM) Submittal Exchange GradeBeam Pre-Qualification Management (PQM) Greengrade and Latista. In addition to its collaborative solutions it offers others solutions which include PlanSwift and BidOrganizer. The Company offers its solutions to the different participants involved in construction. These participants may include owners/developers general contractors subcontractors architects material suppliers and others.

Textura Corp

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