QAD Inc. (QADB) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
QAD Inc. (NASDAQ:QADB) posted its quarterly earnings data on Tuesday. The software maker reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01), reports. QAD had a negative return on equity of 9.11% and a negative net margin of 1.53%.
QAD (NASDAQ QADB) traded up $1.00 during mid-day trading on Tuesday, reaching $30.00. The company’s stock had a trading volume of 3,200 shares, compared to its average volume of 1,919. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 1.59. QAD has a twelve month low of $21.38 and a twelve month high of $31.85.
An institutional investor recently raised its position in QAD stock. Vanguard Group Inc. boosted its holdings in QAD Inc. (NASDAQ:QADB) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,323 shares of the software maker’s stock after purchasing an additional 417 shares during the period. Vanguard Group Inc. owned about 0.29% of QAD worth $1,459,000 as of its most recent SEC filing. 1.81% of the stock is owned by institutional investors and hedge funds.
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
Receive News & Ratings for QAD Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QAD Inc. and related companies with MarketBeat.com's FREE daily email newsletter.