Majesco (MJCO) had a good day on the market for Thursday January 31 as shares jumped 11.26% to close at $8.50. About 60,420 shares traded hands on 291 trades for the day, compared with an average daily volume of 14,160 shares out of a total float of 36.67 million. After opening the trading day at $7.75, shares of Majesco stayed within a range of $8.63 to $7.75.
With today’s gains, Majesco now has a market cap of $311.66 million.
The stock has a P/E Ratio of 254.7. Shares of Majesco have been trading within a range of $9.27 and $4.93 over the last year, and it had a 50-day SMA of $7.18 and a 200-day SMA of $6.86.
Majesco is the United States based provides core insurance software, consulting and services for business transformation for the insurance industry. It offers core software solutions for property and casualty, life and annuity, and Pensions Group Employee Benefits providers allowing them to manage policy management claims management and billing functions. In addition to the United States, it operates in Canada, the United Kingdom, Malaysia, Thailand, Singapore, New Zealand and India. It also offers a variety of other technology-based solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations.
Majesco is based out of Morristown, NJ and has some 2,248 employees. Its CEO is Adam Elster.