Accelerize (ACLZ) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Accelerize (OTCBB:ACLZ) from a strong sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “

Shares of Accelerize (OTCBB ACLZ) opened at $0.27 on Tuesday. The stock has a market capitalization of $17.49, a PE ratio of -4.45, a price-to-earnings-growth ratio of 1.16 and a beta of 2.30. Accelerize has a 52 week low of $0.25 and a 52 week high of $0.58. The company has a debt-to-equity ratio of -1.08, a quick ratio of 0.61 and a current ratio of 0.61.

Accelerize (OTCBB:ACLZ) last released its quarterly earnings results on Wednesday, November 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $6.07 million during the quarter, compared to analyst estimates of $6.10 million. equities research analysts anticipate that Accelerize will post -0.01 earnings per share for the current year.

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About Accelerize

Accelerize Inc owns and operates CAKE and getcake.com, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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