Somewhat Favorable News Coverage Somewhat Unlikely to Impact QAD (QADA) Share Price
Press coverage about QAD (NASDAQ:QADA) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. QAD earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.9702862089005 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of QAD (NASDAQ:QADA) traded down 0.65% during trading on Friday, hitting $30.75. 21,359 shares of the stock were exchanged. QAD has a one year low of $19.26 and a one year high of $33.40. The stock’s 50 day moving average price is $31.28 and its 200 day moving average price is $29.99. The stock’s market cap is $486.40 million.
QAD (NASDAQ:QADA) last announced its earnings results on Thursday, May 25th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). QAD had a positive return on equity of 1.22% and a negative net margin of 5.49%. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $68.54 million. During the same period in the prior year, the company posted ($0.07) EPS. QAD’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts predict that QAD will post $0.33 EPS for the current year.
QADA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of QAD from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, July 26th. ValuEngine raised shares of QAD from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Sidoti initiated coverage on shares of QAD in a report on Wednesday, April 19th. They set a “neutral” rating on the stock. BidaskClub cut shares of QAD from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, William Blair reissued an “outperform” rating on shares of QAD in a report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.50.
QAD Company Profile
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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