Datawatch (DWCH) Sees Unusually-High Trading Volume

Shares of Datawatch Co. (NASDAQ:DWCH) saw an uptick in trading volume on Monday . 5,269,739 shares changed hands during trading, an increase of 4,797% from the previous session’s volume of 107,611 shares.The stock last traded at $13.09 and had previously closed at $9.69.

A number of research firms have recently issued reports on DWCH. ValuEngine raised shares of Datawatch from a “hold” rating to a “buy” rating in a report on Tuesday. National Securities reiterated a “buy” rating and issued a $17.00 target price on shares of Datawatch in a research report on Thursday, July 19th. EuroPacific Canada started coverage on shares of Datawatch in a research report on Wednesday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, TheStreet cut shares of Datawatch from a “c” rating to a “d+” rating in a research report on Friday, July 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $19.00.

The stock has a market capitalization of $123.38 million, a P/E ratio of -118.91 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25.

Large investors have recently modified their holdings of the stock. Gradient Investments LLC raised its position in Datawatch by 25.1% in the 3rd quarter. Gradient Investments LLC now owns 107,090 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 21,490 shares during the period. Wasatch Advisors Inc. purchased a new position in Datawatch in the 2nd quarter worth $2,289,000. Essex Investment Management Co. LLC increased its position in shares of Datawatch by 4.2% in the third quarter. Essex Investment Management Co. LLC now owns 192,818 shares of the technology company’s stock valued at $2,246,000 after acquiring an additional 7,769 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Datawatch in the second quarter valued at about $163,000. Finally, Bank of New York Mellon Corp increased its position in shares of Datawatch by 26.3% in the second quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock valued at $665,000 after acquiring an additional 14,573 shares during the period. Institutional investors own 37.67% of the company’s stock.

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About Datawatch (NASDAQ:DWCH)

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

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