Price Action Don’t Lie: QAD Inc. Stock Price Hits 52-Week High Today

Price Action Don't Lie: QAD Inc. Stock Price Hits 52 Week High Today

The stock of QAD Inc. (NASDAQ:QADA) hit a new 52-week high and has $30.63 target or 4.00% above today’s $29.45 share price. The 9 months bullish chart indicates low risk for the $554.96 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $30.63 price target is reached, the company will be worth $22.20M 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 129,755 shares traded hands or 341.43% up from the average. QAD Inc. (NASDAQ:QADA) has risen 25.49% since April 21, 2016 and is uptrending. It has outperformed by 20.16% the S&P500.

According to Zacks Investment Research, “QAD Inc. operates as a global provider of enterprise software applications, professional services and application support for manufacturing companies. The Company’s core product QAD Enterprise Applications is an integrated suite of software applications deployable in computer infrastructures, on demand and on premise deployment as well underlying databases, hardware platforms and operating systems. Solution suites offered are- QAD Standard Financials and QAD Enterprise Financials; QAD Customer Management; QAD Manufacturing suite; QAD Supply Chain; QAD Service and Support; QAD Enterprise Asset Management; QAD Transportation Management; QAD Analytics. Additionally, QAD also offer services for customer support; implementation; on demand and application management; migration and upgrade; and business consulting. Industries catered by the Company include automotive, consumer products, food and beverage, high technology, industrial products and life sciences. QAD Inc is headquartered in Santa Barbara, California.”

More recent QAD Inc. (NASDAQ:QADA) news were published by: Reuters.com which released: “BUZZ-QAD Inc: Hits record high after strong results” on November 23, 2016. Also Equitiesfocus.com published the news titled: “QAD Inc. (NASDAQ:QADA) 200-Day MA At $21.01” on November 22, 2016. Nasdaq.com‘s news article titled: “QAD Inc. (QADA) Ex-Dividend Date Scheduled for September 26, 2016” with publication date: September 23, 2016 was also an interesting one.

QADA Company Profile

QAD Inc. (QAD), incorporated on May 15, 1997, is a well-known provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD delivers components of its solution for a range of mobile platforms. The Company’s mobile suite includes a requisition approval solution, a mobile business intelligence solution, mobile browse capability and mobile application monitoring tools to support system administrators. The Company’s mobile browse capability allows users to view, filter and sort data accessible through QAD Browses within QAD Enterprise Applications using mobile devices. The Channel Islands user interface (UI) delivered through the Channel Islands program provides access to QAD Enterprise Applications on mobile devices.

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