QAD Inc. Class B (QADB) Sets New 12-Month High and Low Following Dividend Announcement

QAD Inc. Class B (NASDAQ:QADB)’s share price reached a new 52-week high and low during trading on Tuesday after the company announced a dividend. The company traded as low as $43.91 and last traded at $42.82, with a volume of 4401 shares trading hands. The stock had previously closed at $42.51.

The newly announced dividend which will be paid on Friday, July 6th. Investors of record on Monday, June 25th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, June 22nd.

Separately, ValuEngine upgraded shares of QAD Inc. Class B from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.13.

QAD Inc. Class B (NASDAQ:QADB) last posted its quarterly earnings data on Wednesday, May 30th. The software maker reported $0.06 earnings per share for the quarter. QAD Inc. Class B had a negative net margin of 1.59% and a negative return on equity of 4.72%. The firm had revenue of $86.19 million during the quarter.

A hedge fund recently bought a new stake in QAD Inc. Class B stock. ArrowMark Colorado Holdings LLC bought a new stake in shares of QAD Inc. Class B (NASDAQ:QADB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,425 shares of the software maker’s stock, valued at approximately $229,000. Institutional investors own 1.95% of the company’s stock.

About QAD Inc. Class B

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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