Cray Inc. (NASDAQ:CRAY) Given Average Recommendation of “Hold” by Analysts

Cray Inc. (NASDAQ:CRAY) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $30.00.

Several research analysts recently issued reports on the stock. TheStreet lowered shares of Cray from a “c-” rating to a “d” rating in a research report on Friday, August 2nd. BidaskClub upgraded shares of Cray from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, Zacks Investment Research lowered shares of Cray from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

Shares of CRAY remained flat at $$34.94 during mid-day trading on Friday. The company’s 50-day moving average price is $34.97 and its 200-day moving average price is $32.74. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.61 and a beta of 0.83. The company has a quick ratio of 2.14, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Cray has a 1-year low of $18.76 and a 1-year high of $36.64.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Friday, August 2nd. The technology company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.12). Cray had a negative net margin of 27.17% and a negative return on equity of 26.31%. The firm had revenue of $68.70 million for the quarter, compared to analysts’ expectations of $72.15 million. Equities research analysts expect that Cray will post -2.29 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Cray by 25,766.7% during the second quarter. Royal Bank of Canada now owns 3,880 shares of the technology company’s stock valued at $135,000 after buying an additional 3,865 shares during the period. Bank of Montreal Can raised its stake in shares of Cray by 609.2% during the second quarter. Bank of Montreal Can now owns 4,482 shares of the technology company’s stock valued at $156,000 after acquiring an additional 3,850 shares during the last quarter. United Services Automobile Association bought a new position in shares of Cray during the second quarter valued at about $211,000. HighTower Advisors LLC bought a new position in shares of Cray during the second quarter valued at about $218,000. Finally, Miles Capital Inc. bought a new position in shares of Cray during the second quarter valued at about $225,000. Institutional investors and hedge funds own 93.26% of the company’s stock.

Cray Company Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

Featured Article: How analysts view the yield curve

Receive News & Ratings for Cray Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cray and related companies with MarketBeat.com's FREE daily email newsletter.