Ness Technologies Soars 15% On Takeover Rumor (NSTC)

Shares of contract software developer Ness Technologies, Inc. NSTC are trading up 15.3% at $5.31 per share during the Monday afternoon trading session. The stock is trading higher on rumors that the company is a takeover target. The day's trading range for shares of Ness Technologies, Inc has been between $5.25 and $5.55 per share. Analysts covering Ness Technologies, Inc. (NSTC) stock give it a consensus price target of $7.10 per share. Trading volume for Ness Technologies, Inc has been much higher than usual, with 810,000 shares having been traded today, already far above the daily average volume of 131,000 shares. Ness Technologies is a global provider of IT and business services and solutions with specialized expertise in software product engineering; and system integration, application development, consulting and software distribution. Ness delivers its portfolio of solutions and services using a global delivery model combining offshore, near-shore and local teams. Read more from Benzinga's Company news.