QAD (QADB) Downgraded to Hold at ValuEngine

QAD (NASDAQ:QADB) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday, February 4th.

Shares of NASDAQ QADB opened at $33.05 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.61 and a current ratio of 1.61. QAD has a 12-month low of $28.35 and a 12-month high of $49.40.

A hedge fund recently raised its stake in QAD stock. Vanguard Group Inc. increased its stake in QAD Inc. (NASDAQ:QADB) by 809.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 515,848 shares of the software maker’s stock after acquiring an additional 459,137 shares during the period. Vanguard Group Inc. owned approximately 2.63% of QAD worth $28,364,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.86% of the company’s stock.

About QAD

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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