Cray Inc. (NASDAQ:CRAY) shares saw an uptick in trading volume on Thursday . 1,466,123 shares traded hands during trading, an increase of 75% from the previous session’s volume of 836,923 shares.The stock last traded at $21.12 and had previously closed at $21.81.

A number of research firms have recently issued reports on CRAY. Zacks Investment Research upgraded shares of Cray from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. Sidoti raised shares of Cray from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, April 19th. Needham & Company LLC lowered shares of Cray from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Craig Hallum lowered shares of Cray from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $34.00 in a research report on Wednesday, May 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 price target on shares of Cray in a research report on Wednesday, May 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.43.

The stock has a market cap of $874.75 million and a PE ratio of 68.10. The company’s 50-day moving average is $29.74 and its 200-day moving average is $35.72.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.06. During the same quarter in the previous year, the business posted $0.30 earnings per share. The business had revenue of $100.20 million for the quarter, compared to analyst estimates of $101.36 million. The firm’s revenue was down 46.2% on a year-over-year basis. On average, equities research analysts predict that Cray Inc. will post $0.45 earnings per share for the current year.

Other large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Cray by 9.9% in the fourth quarter. Rhumbline Advisers now owns 43,895 shares of the company’s stock worth $1,424,000 after buying an additional 3,940 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Cray by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 55,992 shares of the company’s stock worth $1,817,000 after buying an additional 1,700 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Cray by 1.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 959,500 shares of the company’s stock worth $31,136,000 after buying an additional 10,000 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Cray by 2.0% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 50,330 shares of the company’s stock worth $1,633,000 after buying an additional 1,000 shares during the last quarter.

Cray Inc designs, develops, manufactures, markets and services the high-end of the high performance computing (HPC) market, primarily categories of systems, known as supercomputers and provides storage and data analytics solutions. The Company provides software, system maintenance, support services and engineering services related to supercomputer systems.

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