Home / Market Movers / Determine Inc. (DTRM) Gives Tech Stocks a Boost with Rise of 3.93% in Early Trading on April 21

Determine Inc. (DTRM) Gives Tech Stocks a Boost with Rise of 3.93% in Early Trading on April 21

Determine Inc. (DTRM) is one of the best performing stocks in the technology sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of DTRM have climbed 3.93% about 30 minutes into the session to $3.7 after closing the day prior at $3.56. It’s early, but the stock has traded as high as $3.7 and as low as $3.41 so far. Today’s quick advance has come with about 6,389 shares changing hands, compared to an average 30-day volume of 17,658 for Determine Inc.. The price is currently below the 30-day volume weighted average price of $3.67 for DTRM.

The share appreciation gives the company a market capitalization of $42.24 million based upon 11.86 million shares outstanding. It also means that DTRM has a price-to-book ratio of 7.26:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of DTRM have traded as low as $0.8208 and as high as $3.7869. Technical traders will take note that at $3.7, shares of DTRM are trading above their 200-day MA at $2.2 and above their 50-day MA at $3.15. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is DTRM?

Determine Inc provides SaaS Source to Pay and Enterprise Contract Lifecyclem Management solutions. Its software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications. The company’s 140 employees are led by CEO Patrick Stakenas from the corporate headquarters at 615 West Carmel Drive.


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