Conduent (NASDAQ:CNDT) Shares Down 4.9% – Time to Sell?

Conduent Incorporated (NASDAQ:CNDT) shares fell 4.9% during mid-day trading on Tuesday . The company traded as low as $3.51 and last traded at $3.51. 578,823 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 1,102,497 shares. The stock had previously closed at $3.69.

Conduent Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $569.21 million, a PE ratio of 1.63 and a beta of 1.48. The company has a 50 day moving average price of $3.88 and a 200 day moving average price of $3.68.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $807.00 million for the quarter, compared to the consensus estimate of $817.33 million. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) EPS. Equities analysts forecast that Conduent Incorporated will post -0.45 EPS for the current year.

Institutional Trading of Conduent

Several institutional investors and hedge funds have recently bought and sold shares of CNDT. Guardian Capital LP acquired a new stake in shares of Conduent during the 1st quarter valued at approximately $34,000. HTG Investment Advisors Inc. bought a new stake in shares of Conduent during the 2nd quarter valued at about $37,000. Algert Global LLC acquired a new stake in Conduent during the second quarter worth about $52,000. Williams & Novak LLC bought a new position in Conduent in the second quarter worth about $65,000. Finally, Lazard Asset Management LLC acquired a new position in Conduent in the first quarter valued at approximately $79,000. Institutional investors and hedge funds own 77.28% of the company’s stock.

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.