QAD (NASDAQ:QADA) posted its quarterly earnings results on Tuesday. The software maker reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10, Briefing.com reports. QAD had a negative net margin of 3.63% and a negative return on equity of 0.01%. The business had revenue of $77.80 million during the quarter, compared to analysts’ expectations of $78.28 million. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. QAD updated its FY 2020
After-Hours guidance to EPS.
QAD stock opened at $51.02 on Friday. The firm has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $43.74. QAD has a 1-year low of $35.00 and a 1-year high of $50.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 100.04 and a beta of 1.04.
In other news, President Pamela M. Lopker sold 778 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $42.00, for a total value of $32,676.00. Following the transaction, the president now directly owns 4,422,095 shares in the company, valued at approximately $185,727,990. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Pamela M. Lopker sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $40.99, for a total transaction of $245,940.00. Following the completion of the transaction, the president now owns 4,429,873 shares in the company, valued at $181,580,494.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,570 shares of company stock worth $4,251,594. Company insiders own 51.83% of the company’s stock.
QAD Inc provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes.
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