QAD (NASDAQ:QADA) had its price objective raised by Benchmark Co. from $15.00 to $20.00 in a research note issued to investors on Wednesday morning, StockRatingsNetwork reports. Benchmark Co. currently has a buy rating on the stock.
Shares of QAD (NASDAQ:QADA) traded up 5.12% during mid-day trading on Wednesday, hitting $16.85. 18,339 shares of the company’s stock traded hands. QAD has a 52-week low of $11.10 and a 52-week high of $17.10. The stock has a 50-day moving average of $14.71 and a 200-day moving average of $13.1. The company has a market cap of $263.9 million and a P/E ratio of 66.79.
QAD (NASDAQ:QADA) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $68.75 million. Analysts expect that QAD will post $0.51 EPS for the current fiscal year.
QAD Inc (NASDAQ:QADA) is a worldwide provider of enterprise software applications, and related services and support.
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