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Monotype Imaging Holdings (TYPE) in Focus: Stock Moves 8.5% Higher

Zacks Equity Research
Updated

Monotype Imaging Holdings Inc. TYPE was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $18.25 to $20.10 in the past one-month time frame.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Monotype Imaging Holdings currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Monotype Imaging Holdings Inc. Price

Monotype Imaging Holdings Inc. Price | Monotype Imaging Holdings Inc. Quote

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A better-ranked stock in the Computer - Software industry is Progress Software Corporation PRGS, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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