QAD Inc. (NASDAQ:QADB) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 800 shares, a decrease of 38.5% from the May 30th total of 1,300 shares. Based on an average daily trading volume, of 1,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.
Shares of QAD stock traded up $0.45 during mid-day trading on Friday, hitting $32.15. The stock had a trading volume of 1,695 shares, compared to its average volume of 802. The firm’s 50-day simple moving average is $31.63. QAD has a 12-month low of $28.35 and a 12-month high of $49.40. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.10. The company has a market cap of $624.55 million, a price-to-earnings ratio of 112.37 and a beta of 0.95.
QAD (NASDAQ:QADB) last posted its quarterly earnings results on Wednesday, May 29th. The software maker reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). QAD had a net margin of 1.78% and a return on equity of 4.80%. The firm had revenue of $78.04 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.24 annualized dividend and a dividend yield of 0.75%.
Separately, TheStreet cut shares of Virtusa from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th.
A hedge fund recently raised its stake in QAD stock. Cutler Group LP raised its holdings in shares of QAD Inc. (NASDAQ:QADB) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,965 shares of the software maker’s stock after purchasing an additional 701 shares during the period. Cutler Group LP’s holdings in QAD were worth $184,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.85% of the company’s stock.
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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