QAD Inc. (QADB) Sets New 52-Week High at $27.50
QAD Inc. (NASDAQ:QADB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.50 and last traded at $27.50, with a volume of 2,130 shares trading hands. The stock had previously closed at $27.00.
The stock’s 50 day moving average is $25.51 and its 200-day moving average is $25.28. The company’s market capitalization is $497.25 million.
QAD (NASDAQ:QADB) last released its quarterly earnings data on Thursday, August 24th. The software maker reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $75.96 million during the quarter. On average, equities research analysts predict that QAD Inc. will post $0.28 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System acquired a new position in QAD in the second quarter valued at approximately $201,000. Vanguard Group Inc. lifted its holdings in QAD by 0.8% in the second quarter. Vanguard Group Inc. now owns 54,323 shares of the software maker’s stock valued at $1,459,000 after acquiring an additional 417 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in QAD by 0.5% in the first quarter. Geode Capital Management LLC now owns 36,919 shares of the software maker’s stock valued at $885,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 1.83% of the company’s stock.
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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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