Simulations Plus (NASDAQ:SLP) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Simulations Plus, Inc. (NASDAQ:SLP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.43 and traded as high as $20.73. Simulations Plus shares last traded at $20.11, with a volume of 240,372 shares changing hands.

Wall Street Analysts Forecast Growth

SLP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Simulations Plus in a report on Wednesday, October 8th. Zacks Research raised Simulations Plus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen reiterated a “hold” rating on shares of Simulations Plus in a research report on Thursday, January 8th. Citigroup reissued a “market perform” rating on shares of Simulations Plus in a report on Tuesday, January 6th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Simulations Plus in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

Simulations Plus Stock Down 3.5%

The stock’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $16.43. The company has a market capitalization of $405.22 million, a PE ratio of -6.28 and a beta of 1.09.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Thursday, January 8th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Simulations Plus had a positive return on equity of 14.02% and a negative net margin of 81.66%.The firm had revenue of $18.42 million for the quarter, compared to analysts’ expectations of $18.05 million. During the same period last year, the firm earned $0.17 EPS. Analysts expect that Simulations Plus, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Simulations Plus during the 2nd quarter worth $25,000. Quarry LP purchased a new position in Simulations Plus during the 3rd quarter valued at about $28,000. CWM LLC increased its holdings in Simulations Plus by 3,729.1% during the 3rd quarter. CWM LLC now owns 2,106 shares of the technology company’s stock valued at $32,000 after acquiring an additional 2,051 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Simulations Plus during the third quarter worth about $40,000. Finally, AlphaQuest LLC purchased a new stake in shares of Simulations Plus in the second quarter valued at about $69,000. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Simulations Plus Company Profile

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.