Price Action Report: CRA International, Inc. Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Price Action Report: CRA International, Inc. Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of CRA International, Inc. (NASDAQ:CRAI) hit a new 52-week high and has $66.63 target or 115.00% above today’s $30.99 share price. The 5 months bullish chart indicates low risk for the $268.52 million company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $66.63 price target is reached, the company will be worth $308.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 27,430 shares traded hands. CRA International, Inc. (NASDAQ:CRAI) has risen 48.80% since March 29, 2016 and is uptrending. It has outperformed by 45.33% the S&P500.

Analysts await CRA International, Inc. (NASDAQ:CRAI) to report earnings on November, 3. They expect $0.32 earnings per share, 0.00% or $0.00 from last year’s $0.32 per share. CRAI’s profit will be $2.77 million for 24.21 P/E if the $0.32 EPS becomes a reality. After $0.40 actual earnings per share reported by CRA International, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

According to Zacks Investment Research, “CRA International is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulatory support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management.”

Insitutional Activity: The institutional sentiment decreased to 0.62 in Q2 2016. Its down 0.63, from 1.25 in 2016Q1. The ratio turned negative, as 14 funds sold all CRA International, Inc. shares owned while 38 reduced positions. 10 funds bought stakes while 22 increased positions. They now own 6.81 million shares or 8.41% less from 7.43 million shares in 2016Q1.
Alphaone Invest Ltd Llc holds 158,469 shares or 1.47% of its portfolio. Metropolitan Life Insurance Ny holds 0% of its portfolio in CRA International, Inc. (NASDAQ:CRAI) for 7,214 shares. Tower Research Ltd Liability Co (Trc), a New York-based fund reported 200 shares. Teachers Advsrs, a New York-based fund reported 15,016 shares. Legal General Grp Inc Public Limited Company has invested 0% of its portfolio in CRA International, Inc. (NASDAQ:CRAI). Victory Capital Mgmt has 34,100 shares for 0% of their US portfolio. The New York-based Blackrock has invested 0% in CRA International, Inc. (NASDAQ:CRAI). Lsv Asset Management has 0.01% invested in the company for 226,190 shares. Parametric Port Limited Liability reported 28,410 shares or 0% of all its holdings. Wedge Capital Mngmt L L P Nc has invested 0.01% of its portfolio in CRA International, Inc. (NASDAQ:CRAI). Falcon Point Capital Lc, a California-based fund reported 35,877 shares. State Street holds 0% or 158,214 shares in its portfolio. Fuller And Thaler Asset Mgmt Incorporated has 0% invested in the company for 2,200 shares. Thomson Horstmann And Bryant Inc has invested 1.22% of its portfolio in CRA International, Inc. (NASDAQ:CRAI). Aqr Capital Llc owns 93,939 shares or 0% of their US portfolio.

Another recent and important CRA International, Inc. (NASDAQ:CRAI) news was published by Quotes.Wsj.com which published an article titled: “News CRA International Inc.CRAI” on February 11, 2011.

CRAI Company Profile

CRA International, Inc. (CRAI), incorporated on February 19, 1965, is a global consulting firm. The Firm provides economic, financial and management consulting services. It operates in two divisions: consulting services and NeuCo, Inc. (NeuCo). The Firm offers consulting services in areas, including litigation, regulatory and financial consulting, and management consulting. It provides consulting services to corporate clients and attorneys in a range of litigation and regulatory proceedings, providing research and analysis, testimony, and support in all areas of finance, accounting, economics, insurance, and forensic accounting and investigations. It also offers law firms, businesses, and government agencies services related to class certification, damages analysis, expert reports and testimony, regulatory analysis, strategy development, valuation of tangible and intangible assets, risk management and transaction support. The Firm offers services, such as performance improvement, corporate strategy and portfolio analysis, estimation of market demand, new product pricing strategies, valuation of intellectual property and other assets, assessment of competitors’ actions, and analysis of new sources of supply. The Company’s subsidiary, NeuCo, develops and markets a family of neural network software tools and application consulting services, which are focused on electric utilities. It caters to various industries, such as agriculture, banking and capital markets, chemicals, communications and media, consumer products, energy, entertainment and real estate.

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