It is currently trading at $24.24 which is quite a bit higher than the 50 day moving average which is $21.47 and which is well above the 200 day moving average of $15.70. The 50 day moving average was up $2.77 or +12.90% whereas the 200 day moving average was up $8.54 or +54.40%. Trading was light with 178K shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 40.40% under the normal average daily volume.
Investors are a little more bullish on shares of the company if you consider the decrease in short interest. The company realized a fall in short interest of -55.80% as of October 13, 2017 from the last reporting period. Short interest decreased from 329,112 to 145,454 over that timeframe. Days to cover increased 1.0 to 1.0 and the percentage of shorted shares was 0.01% on October 13.
A few notable investment firms have updated their holdings. Ubs Group Ag bolstered its holdings by buying 1,107 shares an increase of 273.3% in the quarter. Ubs Group Ag now controls 1,512 shares with a value of $21,000. The value of the position overall is up by 320.0%. Baillie Gifford & Co downsized its stake by shedding 6,659 shares a decrease of 6.6% as of 09/30/2017. Baillie Gifford & Co controls 94,941 shares worth $2,296,000. The total value of its holdings increased 63.8%.
Conestoga Capital Advisors, LLC trimmed its ownership by shedding 31,503 shares a decrease of 2.0% from 06/30/2017 to 09/30/2017. Conestoga Capital Advisors, LLC now holds 1,555,697 shares valued at $37,617,000. The total value of its holdings increased 71.7%. Bb&t Corp reduced its investment by selling 645 shares a decrease of 6.1%. Bb&t Corp claims 9,915 shares with a value of $240,000. The value of the position overall is up by 64.4%.
In the latest earnings report the EPS was $-0.32 and is expected to be $-0.12 for the current year with 15,016,000 shares now outstanding. Next quarter’s EPS is expected be $0.10 and the next full year EPS is anticipated to be $0.05.
Exa Corporation, launched on March 18, 1998, develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. Its product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine, along with pre- and post-processing software products. The software is delivered in client/server architecture, or through its cloud-based offering, ExaCLOUD. With the ExaCLOUD solution, various client features and functions are accessed through a Web browser, and all of the computational intensive processes are run in its hosted computing environment..