ProShares UltraShort DJ-UBS Commodity (CMD) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) in a research report report published on Thursday morning.

Separately, Raymond James Financial restated a hold rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Monday, December 4th.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA CMD) opened at $80.17 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. ProShares UltraShort DJ-UBS Commodity has a 52 week low of $37.21 and a 52 week high of $86.30.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last announced its earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $212.80 million during the quarter, compared to the consensus estimate of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share.

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About ProShares UltraShort DJ-UBS Commodity

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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