QAD Inc. (QADB) Reaches New 12-Month High at $27.50
Shares of QAD Inc. (NASDAQ:QADB) hit a new 52-week high on Tuesday . The company traded as high as $27.50 and last traded at $27.50, with a volume of 2,130 shares. The stock had previously closed at $27.00.
The firm has a 50 day moving average price of $25.40 and a 200 day moving average price of $25.25. The company’s market capitalization is $523.45 million.
QAD (NASDAQ:QADB) last issued its earnings results on Thursday, August 24th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.10. QAD had a negative net margin of 5.98% and a negative return on equity of 0.47%. The firm had revenue of $75.96 million during the quarter. Equities analysts expect that QAD Inc. will post $0.28 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. California Public Employees Retirement System acquired a new stake in QAD during the second quarter worth approximately $201,000. Geode Capital Management LLC lifted its position in QAD by 0.5% during the first quarter. Geode Capital Management LLC now owns 36,919 shares of the software maker’s stock worth $885,000 after acquiring an additional 186 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in QAD by 0.8% during the second quarter. Vanguard Group Inc. now owns 54,323 shares of the software maker’s stock worth $1,459,000 after acquiring an additional 417 shares during the last quarter. Institutional investors and hedge funds own 1.83% of the company’s stock.
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.