SI International downgraded to ‘market perform,’ wins $19M U.S. Army contract

Ahead of today’s opening, SI International Inc. (Nasdaq:SINT) was downgraded by analysts at Friedman, Billings, Ramsey to “market perform” from “outperform.” The firm also lowered its price target to $23 from $30. The Reston, Va.-based company provides information services, technology and network solutions to the U.S. government. The company announced before today’s opening it had won a $19 million contract to support the U.S. Army Defense Ammunition Center for a one-year base with four one-year option periods, the company said.

At 2:41 p.m. ET, shares are at $18.32, off $0.46 from Wednesday’s close. Trading volume is at nearly 250,000 shares, well above the average 80,000.

For detailed price information and recent news stories about SI International Inc., click SINT.

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