QAD (NASDAQ:QADA) issued its quarterly earnings data on Wednesday. The software maker reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.08), Briefing.com reports. QAD had a negative return on equity of 3.91% and a negative net margin of 5.13%. The firm had revenue of $78.60 million during the quarter, compared to analyst estimates of $78.73 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. QAD’s quarterly revenue was down 5.3% compared to the same quarter last year.
Shares of QAD stock opened at $31.85 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.55. The company’s fifty day moving average price is $47.60 and its two-hundred day moving average price is $47.77. QAD has a 52-week low of $28.21 and a 52-week high of $54.54.
In other QAD news, President Pamela M. Lopker sold 3,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.43, for a total value of $154,290.00. Following the sale, the president now owns 4,304,945 shares of the company’s stock, valued at approximately $221,403,321.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Pamela M. Lopker sold 2,569 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $51.18, for a total transaction of $131,481.42. Following the completion of the sale, the president now directly owns 4,300,945 shares in the company, valued at approximately $220,122,365.10. The disclosure for this sale can be found here. Insiders sold a total of 31,569 shares of company stock worth $1,631,211 in the last three months. 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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