QAD Inc. (NASDAQ:QADA)’s share price shot up 1.9% during mid-day trading on Wednesday . The stock traded as high as $20.55 and last traded at $20.50, with a volume of 54,451 shares traded. The stock had previously closed at $20.11.

Separately, Zacks Investment Research raised shares of QAD from a “sell” rating to a “hold” rating in a research note on Thursday, July 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.25.

The firm has a market cap of $385.71 million and a P/E ratio of 70.69. The stock has a 50-day moving average of $19.51 and a 200 day moving average of $19.60.

QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.

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