Compuware Sets New 1-Year Low at $9.39 (CPWR)
Shares of Compuware (NASDAQ:CPWR) reached a new 52-week low during trading on Friday , American Banking News reports. The company traded as low as $9.39 and last traded at $9.40, with a volume of 669,608 shares. The stock had previously closed at $9.52.
A number of analysts have recently weighed in on CPWR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Compuware in a research note on Tuesday, May 27th. They now have a $10.00 price target on the stock. Separately, analysts at Noble Financial reiterated a “buy” rating on shares of Compuware in a research note on Friday, May 23rd. They now have a $12.50 price target on the stock. Finally, analysts at TheStreet upgraded shares of Compuware from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th.
The stock’s 50-day moving average is $9.80 and its 200-day moving average is $10.24. The company has a market cap of $2.067 billion and a price-to-earnings ratio of 29.29. Compuware also was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,772,857 shares, a growth of 334.0% from the June 30th total of 1,099,712 shares. Based on an average trading volume of 2,287,088 shares, the short-interest ratio is presently 2.1 days. Currently, 2.2% of the company’s shares are short sold.
Compuware (NASDAQ:CPWR) last announced its earnings results on Thursday, May 22nd. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.02. The company had revenue of $183.40 million for the quarter, compared to the consensus estimate of $211.23 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Compuware will post $0.42 earnings per share for the current fiscal year.
Compuware Corporation delivers services , software and practices that enables technologies to perform at their peak.
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