Agilesys’ shares are fired four months after an excellent quarterly report

• AGYLYSYS, Inc. (AGYS) rebukes 21.52% on Tuesday, reaching maximums not seen since January 22 in 103.31 $.
• Agys obtained income of 74.27 million dollars, exceeding analysts’ estimates.

The titles of Agilesys, Inc. (AGYS) established a minimum of the day at $ 85.10, where they found aggressive buyers who carried the price of the action to maximums not seen since January 22 at 103.31 $. At the time of writing, Agys is quoted over $ 100.89, climbing 21.52% today.

AGILYSYS, Inc. surprises investors to overcome expectations in their profit report

The company specialized in offering software solutions for the management of hotels and restaurants, Agilesys (AGYS), presents a daily gain of 21.52%, reaching maximum of January 22 at 103.31 $ after the publication of its profit report.

Agys got a profit per share of 0.54 $ compared to 0.286 $ estimated by the market, in the same way it obtained revenues of $ 74.27 million compared to the 71,43 provided for the consensus.

On the other hand, investors show their confidence in a potential alliance with Marriot International. The objective of this commercial agreement consists in the implementation of its management system in Luxury Hotels of Marriott International, both in the United States and in Canada.

In this sense, Nedham investment firm analysts have raised the target price of AGYS to 105.00 from $ 100.00.

Technical levels of Agilesys Inc.

Agys titles reacted upwards from a short -term support given by the minimum of May 15 in $ 81,58. The following key support is observed at $ 74.46, minimum of May 6 in convergence with the retreat at 23.6% of Fibonacci and with the exponential mobile average of 13 periods. Upwards, the closest resistance is located at 105.00, pivot point of January 22.

Agys 4 -hour chart