ADT (NYSE:ADT) Sees Unusually-High Trading Volume

Shares of ADT Inc (NYSE:ADT) saw unusually-high trading volume on Thursday . Approximately 121,261 shares changed hands during mid-day trading, a decline of 92% from the previous session’s volume of 1,498,311 shares.The stock last traded at $8.30 and had previously closed at $8.35.

ADT has been the subject of several research reports. TheStreet upgraded shares of ADT from a “d+” rating to a “c-” rating in a report on Friday, October 18th. ValuEngine upgraded shares of ADT from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Royal Bank of Canada set a $10.00 price target on shares of ADT and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Imperial Capital decreased their price target on shares of ADT from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of ADT from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $8.33.

The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 2.44. The company’s 50 day moving average is $7.15 and its 200-day moving average is $6.21. The company has a market capitalization of $6.21 billion, a P/E ratio of -51.75 and a beta of 2.37.

ADT (NYSE:ADT) last issued its quarterly earnings results on Tuesday, November 12th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.23). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. ADT had a negative return on equity of 1.75% and a negative net margin of 11.42%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Analysts predict that ADT Inc will post 0.86 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of ADT. Amundi Pioneer Asset Management Inc. increased its stake in shares of ADT by 8.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,310,568 shares of the security and automation business’s stock worth $8,375,000 after acquiring an additional 97,268 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in ADT during the 2nd quarter valued at about $86,000. Copeland Capital Management LLC grew its position in ADT by 21.2% during the 2nd quarter. Copeland Capital Management LLC now owns 1,091,214 shares of the security and automation business’s stock valued at $6,678,000 after purchasing an additional 191,041 shares during the last quarter. QV Investors Inc. purchased a new stake in ADT during the 2nd quarter valued at about $6,885,000. Finally, Sycomore Asset Management grew its position in ADT by 21.2% during the 2nd quarter. Sycomore Asset Management now owns 1,000,000 shares of the security and automation business’s stock valued at $6,030,000 after purchasing an additional 175,000 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

About ADT (NYSE:ADT)

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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