QAD Inc. (NASDAQ:QADB) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 1,500 shares, an increase of 150.0% from the August 15th total of 600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,200 shares, the short-interest ratio is presently 1.3 days.
Several analysts recently commented on the stock. Sidoti assumed coverage on shares of QAD in a research note on Monday, July 22nd. They issued a “buy” rating for the company. ValuEngine cut shares of QAD from a “buy” rating to a “hold” rating in a research note on Thursday.
A hedge fund recently raised its stake in QAD stock. AltraVue Capital LLC boosted its stake in QAD Inc. (NASDAQ:QADB) by 2,527.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,288 shares of the software maker’s stock after purchasing an additional 16,630 shares during the quarter. AltraVue Capital LLC owned about 0.09% of QAD worth $536,000 as of its most recent filing with the SEC. 1.78% of the stock is owned by institutional investors.
Shares of NASDAQ QADB traded up $1.82 during midday trading on Friday, reaching $35.57. 1,200 shares of the stock were exchanged, compared to its average volume of 1,592. The company has a market capitalization of $723.49 million, a P/E ratio of 160.71 and a beta of 0.94. QAD has a 52-week low of $27.50 and a 52-week high of $38.62. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $31.80 and a 200-day moving average price of $31.86.
QAD (NASDAQ:QADB) last issued its quarterly earnings results on Wednesday, August 21st. The software maker reported ($0.02) EPS for the quarter. QAD had a positive return on equity of 2.27% and a negative net margin of 2.70%. The firm had revenue of $76.38 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 18th were issued a $0.06 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%.
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Cloud ERP and QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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