Roth Capital Lowers Shopify (TSE:SHO) to Neutral

Shopify (TSE:SHO) was downgraded by research analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, June 24th, Zacks.com reports.

Shopify (TSE:SHO) last announced its earnings results on Tuesday, April 30th. The company reported C($0.29) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.46) by C$0.17. The business had revenue of C$426.10 million for the quarter, compared to analysts’ expectations of C$411.39 million.

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