Company Shares of Ciber Rally 26.49%

Ciber (NYSE:CBR) has climbed 26.49% in the past week and advanced 94.3% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 28.01% and the outperformance has advanced to 92.53% for the last 4 weeks period.

Ciber (NYSE:CBR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.67 and $1.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.91, notching a gain of 15.06% for the day. The total traded volume was 1,801,458 . The stock had closed at $1.66 on the previous day.

The company shares have dropped -46.05% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $3.90 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $1.46 and the 200 Day Moving Average price is recorded at $2.38.

On the companys insider trading activities, Eberhart Paulett, director of Ciber Inc, executed a transaction worth $23,400 on May 12, 2016. A total of 20,000 shares were purchased at an average price of $1.17. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. B. Riley initiates coverage on Ciber (NYSE:CBR). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at B. Riley announces a current price target of $2.25 per share. The rating by the firm was issued on March 10, 2016. Currently the company Insiders own 10% of Ciber shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 93.73% . Institutional Investors own 73.56% of Ciber shares. During last six month period, the net percent change held by insiders has seen a change of 56.43%.

Ciber, Inc. (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment consists of countries in Western Europe and the Nordic region. The Company offers a range of services, which include Staffing/Application Development and Maintenance, Independent software vendor (ISV)/Channel Partner Platforms, Integrated Managed Services and other services. Its Application Development and Maintenance services provide analysis, design, development, testing, implementation and maintenance of its clients business applications. The Company also provides project management, application and technical consulting, database administration, and infrastructure support for project-based or managed-services approach. The Companys business consulting practice comprises Enterprise Application Consultancy, IT Strategy Consultancy and Business Process Consultancy.

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