QAD (NASDAQ:QADA) Sees Unusually-High Trading Volume

QAD Inc. (NASDAQ:QADA) saw unusually-high trading volume on Thursday . Approximately 13,110 shares changed hands during trading, a decline of 87% from the previous session’s volume of 102,400 shares.The stock last traded at $87.56 and had previously closed at $87.48.

A number of analysts have recently commented on QADA shares. William Blair cut shares of QAD from an “outperform” rating to a “market perform” rating in a report on Monday, June 28th. Zacks Investment Research cut shares of QAD from a “buy” rating to a “hold” rating in a report on Wednesday, July 28th.

The stock has a market cap of $1.84 billion, a P/E ratio of 265.10 and a beta of 1.33. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average price is $87.20 and its 200 day moving average price is $80.19.

QAD (NASDAQ:QADA) last announced its quarterly earnings results on Tuesday, August 24th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. The company had revenue of $84.84 million for the quarter, compared to analysts’ expectations of $81.67 million. QAD had a net margin of 2.11% and a return on equity of 9.83%. As a group, sell-side analysts forecast that QAD Inc. will post 0.3 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Summit Creek Advisors LLC bought a new position in QAD in the 2nd quarter worth about $5,129,000. Federated Hermes Inc. boosted its stake in QAD by 8,641.4% in the 1st quarter. Federated Hermes Inc. now owns 59,267 shares of the software maker’s stock worth $3,946,000 after purchasing an additional 58,589 shares in the last quarter. New York State Common Retirement Fund boosted its stake in QAD by 1.5% in the 2nd quarter. New York State Common Retirement Fund now owns 66,430 shares of the software maker’s stock worth $5,781,000 after purchasing an additional 1,012 shares in the last quarter. WINTON GROUP Ltd boosted its stake in QAD by 5.4% in the 2nd quarter. WINTON GROUP Ltd now owns 8,757 shares of the software maker’s stock worth $762,000 after purchasing an additional 447 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in QAD in the 2nd quarter worth about $2,611,000. Institutional investors own 48.98% of the company’s stock.

QAD Company Profile (NASDAQ:QADA)

QAD, Inc provides enterprise software solutions for global manufacturing companies primarily in the automotive, consumer products, food and beverage, technology, industrial products, and life sciences industries. Its applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners.

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