Conduent Incorporated (NASDAQ:CNDT – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,900,000 shares, an increase of 24.5% from the August 15th total of 2,330,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.0% of the shares of the company are sold short.
Conduent Stock Performance
Shares of NASDAQ CNDT opened at $3.92 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $3.66 and its two-hundred day moving average is $3.47. The company has a market cap of $801.97 million, a P/E ratio of -4.36 and a beta of 1.46. Conduent has a 12 month low of $2.40 and a 12 month high of $4.20.
Conduent (NASDAQ:CNDT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.14. Conduent had a negative return on equity of 7.81% and a net margin of 0.88%. The business had revenue of $811.00 million for the quarter, compared to analyst estimates of $803.33 million. During the same quarter in the previous year, the firm earned $0.01 EPS. Conduent’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that Conduent will post -0.53 EPS for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Conduent from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th.
Get Our Latest Stock Report on Conduent
About Conduent
Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.
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