1 day Ago By Defense World Staff
Clearfield, Inc. ( NASDAQ:CLFD – Get Free Report ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,520,000 shares, a growth of 6.
3% from the August 15th total of 1,430,000 shares. Based on an average daily trading volume, of 122,800 shares, the short-interest ratio is presently 12.4 days.
Approximately 12.8% of the shares of the stock are sold short. Clearfield Trading Down 0.
9 % Shares of NASDAQ CLFD traded down $0.37 on Wednesday, reaching $39.52.
57,455 shares of the company traded hands, compared to its average volume of 167,978. Clearfield has a fifty-two week low of $22.91 and a fifty-two week high of $44.
83. The company has a 50 day moving average of $39.03 and a 200 day moving average of $35.
73. The company has a current ratio of 8.38, a quick ratio of 5.
73 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $562.
49 million, a PE ratio of -158.08 and a beta of 1.34.
Clearfield ( NASDAQ:CLFD – Get Free Report ) last posted its earnings results on Thursday, August 1st. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.
34) by $0.30. The firm had revenue of $48.
79 million during the quarter, compared to the consensus estimate of $42.13 million. Clearfield had a negative net margin of 5.
26% and a negative return on equity of 3.06%. The company’s revenue was down 20.
4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS.
On average, equities research analysts forecast that Clearfield will post -0.98 earnings per share for the current fiscal year. Analyst Ratings Changes Get Our Latest Report on CLFD Insider Buying and Selling In other Clearfield news, Director Walter Louis Jones, Jr.
acquired 1,324 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $37.77 per share, for a total transaction of $50,007.
48. Following the transaction, the director now directly owns 6,061 shares of the company’s stock, valued at $228,923.97.
The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Insiders own 16.00% of the company’s stock.
Institutional Trading of Clearfield A number of institutional investors and hedge funds have recently bought and sold shares of CLFD. Bard Associates Inc. grew its position in Clearfield by 3.
5% in the fourth quarter. Bard Associates Inc. now owns 11,684 shares of the communications equipment provider’s stock valued at $340,000 after acquiring an additional 393 shares in the last quarter.
SummerHaven Investment Management LLC grew its position in Clearfield by 2.7% in the second quarter. SummerHaven Investment Management LLC now owns 15,503 shares of the communications equipment provider’s stock valued at $598,000 after acquiring an additional 405 shares in the last quarter.
Price T Rowe Associates Inc. MD grew its position in Clearfield by 7.3% in the first quarter.
Price T Rowe Associates Inc. MD now owns 7,536 shares of the communications equipment provider’s stock valued at $233,000 after acquiring an additional 510 shares in the last quarter. Janus Henderson Group PLC grew its position in Clearfield by 2.
3% in the first quarter. Janus Henderson Group PLC now owns 33,941 shares of the communications equipment provider’s stock valued at $1,047,000 after acquiring an additional 777 shares in the last quarter. Finally, Principal Securities Inc.
acquired a new stake in Clearfield in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
About Clearfield ( Get Free Report ) Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. Recommended Stories Five stocks we like better than Clearfield Short Selling: How to Short a Stock How Much Can You Make in Stocks in One Month? Most Volatile Stocks, What Investors Need to Know This Is the Top Large-Cap Stock Insiders Are Buying What is Forex and How Does it Work? Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside Receive News & Ratings for Clearfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield and related companies with MarketBeat.
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