Ramsey Quantitative Systems purchased a new position in QAD Inc. (NASDAQ:QADB) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,046 shares of the software maker’s stock, valued at approximately $235,000.
Separately, Vanguard Group Inc. grew its stake in QAD by 0.8% in the 2nd 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 period. 2.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QAD Inc. (NASDAQ QADB) opened at $34.25 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.60 and a quick ratio of 1.60. QAD Inc. has a one year low of $21.38 and a one year high of $36.75.
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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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