Price Action Report: What’s Propelling The Hackett Group, Inc. to Decline So Much?

Price Action Report: What's Propelling The Hackett Group, Inc. to Decline So Much?

The stock of The Hackett Group, Inc. (NASDAQ:HCKT) is a huge mover today! About 155,883 shares traded hands or 57.30% up from the average. The Hackett Group, Inc. (NASDAQ:HCKT) has risen 10.96% since April 6, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.
The move comes after 8 months negative chart setup for the $438.76 million company. It was reported on Nov, 8 by Barchart.com. We have $13.41 PT which if reached, will make NASDAQ:HCKT worth $52.65M less.

The Hackett Group, Inc. (NASDAQ:HCKT) Ratings Coverage

Out of 2 analysts covering The Hackett Group (NASDAQ:HCKT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The Hackett Group has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, November 11 by TH Capital. Roth Capital maintained the stock with “Buy” rating in Wednesday, August 12 report.

According to Zacks Investment Research, “The Hackett Group, a global strategic advisory firm and an Answerthink company, is a leader in best practice research and advisory programs, benchmarking and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insight from more than 4,000 benchmarking studies, executives use Hackett’s empirically based approach to quickly define and prioritize initiatives, and to leverage proven strategies that enable world-class performance.”

More news for The Hackett Group, Inc. (NASDAQ:HCKT) were recently published by: Businesswire.com, which released: “The Hackett Group, Inc. Invites You to Participate in the 2016 Third Quarter …” on October 18, 2016. Businesswire.com‘s article titled: “New Research from The Hackett Group Spotlights Four Digital Transformation …” and published on November 01, 2016 is yet another important article.

HCKT Company Profile

The Hackett Group, Inc., incorporated on April 23, 1997, is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Firm is engaged in providing business and technology consulting services. The Firm also provides expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including Oracle Enterprise Performance Management (EPM) and SAP practices.

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