Quad Graphics (NYSE:QUAD) Stock Price Passes Below 50 Day Moving Average on Analyst Downgrade

Quad Graphics, Inc (NYSE:QUAD) passed below its fifty day moving average during trading on Friday after Wall Street Zen downgraded the stock from a strong-buy rating to a buy rating. The stock has a fifty day moving average of $5.60 and traded as low as $5.28. Quad Graphics shares last traded at $5.71, with a volume of 519,748 shares.

Several other research analysts have also recently weighed in on the stock. Rosenblatt Securities cut their price target on shares of Quad Graphics from $8.90 to $8.60 and set a “buy” rating on the stock in a report on Thursday. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Quad Graphics in a research report on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Quad Graphics by 1,730.1% during the 1st quarter. CWM LLC now owns 5,106 shares of the business services provider’s stock worth $28,000 after purchasing an additional 4,827 shares during the period. Algert Global LLC bought a new position in Quad Graphics during the first quarter valued at about $66,000. Nisa Investment Advisors LLC increased its holdings in Quad Graphics by 52,512.0% during the second quarter. Nisa Investment Advisors LLC now owns 13,153 shares of the business services provider’s stock worth $74,000 after buying an additional 13,128 shares during the last quarter. Ieq Capital LLC bought a new stake in Quad Graphics in the first quarter worth about $92,000. Finally, Marshall Wace LLP bought a new stake in Quad Graphics in the fourth quarter worth about $97,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad Graphics Trading Up 7.1%

The stock’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $5.80. The stock has a market capitalization of $288.98 million, a PE ratio of -17.84 and a beta of 1.43. The company has a debt-to-equity ratio of 4.85, a current ratio of 0.92 and a quick ratio of 0.66.

Quad Graphics (NYSE:QUAD) last posted its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Quad Graphics had a negative net margin of 0.55% and a positive return on equity of 70.06%. The company had revenue of $571.90 million for the quarter, compared to analysts’ expectations of $555.05 million. On average, sell-side analysts expect that Quad Graphics, Inc will post 1.08 EPS for the current year.

Quad Graphics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, August 18th. This represents a $0.30 annualized dividend and a dividend yield of 5.3%. Quad Graphics’s dividend payout ratio is presently -93.75%.

About Quad Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.