Quad Graphics (NYSE:QUAD) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Quad Graphics, Inc (NYSE:QUAD) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.14 and traded as low as $5.98. Quad Graphics shares last traded at $6.0450, with a volume of 115,185 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a research report on Wednesday. Rosenblatt Securities decreased their price objective on Quad Graphics from $8.60 to $8.20 and set a “buy” rating for the company in a research note on Thursday, October 30th. Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Quad Graphics in a research note on Friday, October 31st. Finally, Zacks Research lowered shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.10.

Quad Graphics Stock Up 0.6%

The company has a 50-day moving average of $6.14 and a 200-day moving average of $6.06. The company has a current ratio of 0.98, a quick ratio of 0.65 and a debt-to-equity ratio of 4.49. The company has a market capitalization of $307.57 million, a price-to-earnings ratio of 14.74 and a beta of 1.06.

Quad Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, October 28th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $588.00 million for the quarter, compared to the consensus estimate of $605.45 million. Quad Graphics had a net margin of 0.82% and a return on equity of 62.52%. On average, equities analysts predict that Quad Graphics, Inc will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quad Graphics

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Quad Graphics by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,799,720 shares of the business services provider’s stock worth $11,266,000 after acquiring an additional 11,773 shares during the period. LSV Asset Management raised its stake in shares of Quad Graphics by 8.5% in the second quarter. LSV Asset Management now owns 1,402,780 shares of the business services provider’s stock worth $7,926,000 after purchasing an additional 110,462 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Quad Graphics by 0.3% in the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Quad Graphics during the first quarter worth about $2,101,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Quad Graphics by 2.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 377,973 shares of the business services provider’s stock valued at $2,366,000 after buying an additional 7,469 shares during the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.