QAD (NASDAQ:QADB) Announces Earnings Results

QAD (NASDAQ:QADB) issued its quarterly earnings data on Wednesday. The software maker reported ($0.02) EPS for the quarter, Morningstar.com reports. The business had revenue of $76.38 million during the quarter. QAD had a return on equity of 4.80% and a net margin of 1.78%. QAD updated its Q3 2020 guidance to EPS and its FY 2020 guidance to EPS.

NASDAQ QADB traded down $0.50 on Thursday, hitting $27.50. The stock had a trading volume of 12 shares, compared to its average volume of 356. The business’s fifty day moving average price is $31.52 and its 200 day moving average price is $31.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.47 and a quick ratio of 1.47. QAD has a 52-week low of $28.00 and a 52-week high of $49.40. The stock has a market cap of $560.64 million, a price-to-earnings ratio of 101.96 and a beta of 0.92.

An institutional investor recently raised its position in QAD stock. AltraVue Capital LLC grew its position in QAD Inc. (NASDAQ:QADB) by 2,527.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,288 shares of the software maker’s stock after purchasing an additional 16,630 shares during the quarter. AltraVue Capital LLC owned about 0.09% of QAD worth $536,000 at the end of the most recent reporting period. 1.90% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on QADB shares. Sidoti started coverage on shares of QAD in a research note on Monday, July 22nd. They issued a “buy” rating for the company. ValuEngine raised shares of QAD from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, TheStreet downgraded shares of QAD from a “b-” rating to a “c” rating in a research note on Wednesday, May 29th.

QAD Company Profile

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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Earnings History for QAD (NASDAQ:QADB)

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