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.
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.
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