CDI Corp. (CDI) Trading 3.5% Higher
CDI Corp. (NYSE:CDI) traded up 3.5% on Thursday . The company traded as high as $6.83 and last traded at $6.78, with a volume of 52,957 shares. The stock had previously closed at $6.55.
The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $5.91. The firm’s market capitalization is $125.20 million.
CDI Corp. (NYSE:CDI) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.24) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.24). The business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $223.60 million. CDI Corp.’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. Equities research analysts predict that CDI Corp. will post ($0.74) earnings per share for the current year.
A hedge fund recently raised its stake in CDI Corp. stock. Glacier Peak Capital LLC raised its stake in shares of CDI Corp. (NYSE:CDI) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,898 shares of the company’s stock after buying an additional 10,800 shares during the period. Glacier Peak Capital LLC owned approximately 0.81% of CDI Corp. worth $1,081,000 as of its most recent filing with the SEC.
CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees.
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