The stock of QAD Inc. (NASDAQ:QADA) reached all time high today, Nov, 24 and still has $30.54 target or 3.00% above today’s $29.65 share price. This indicates more upside for the $558.73M company. This technical setup was reported by Barchart.com. If the $30.54 PT is reached, the company will be worth $16.76M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 14.70% or $3.8 on November 23, hitting $29.65. About 202,161 shares traded hands or 587.76% up from the average. QAD Inc. (NASDAQ:QADA) has risen 42.96% since April 22, 2016 and is uptrending. It has outperformed by 37.55% 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 news for QAD Inc. (NASDAQ:QADA) were recently published by: Reuters.com, which released: “BUZZ-QAD Inc: Hits record high after strong results” on November 23, 2016. Equitiesfocus.com‘s article titled: “QAD Inc. (NASDAQ:QADA) 200-Day MA At $21.01” and published on November 22, 2016 is yet another important article.
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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