Astea International (OTCMKTS:ATEA) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Shares of OTCMKTS ATEA opened at $4.95 on Tuesday. Astea International has a 12 month low of $1.25 and a 12 month high of $9.09. The company has a 50-day simple moving average of $5.70 and a 200-day simple moving average of $5.93.

Astea International (OTCMKTS:ATEA) last issued its quarterly earnings results on Tuesday, August 13th. The software maker reported ($0.20) EPS for the quarter. The firm had revenue of $6.42 million for the quarter. Astea International had a negative return on equity of 6.86% and a negative net margin of 2.22%.

In other news, major shareholder David Kanen purchased 48,100 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $5.41 per share, for a total transaction of $260,221.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have bought 62,335 shares of company stock valued at $339,400. Insiders own 57.50% of the company’s stock.

About Astea International

Astea International Inc develops, markets, and supports service management software solutions worldwide. It offers Astea Alliance, a service management software that addresses the service lifecycle applications, including lead generation, project quotation, service and billing, and asset retirement; and integrates and optimizes business processes for campaigns, call center, depot repair, field service, logistics, projects, and sales and order processing applications.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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