Conduent Incorporated (NASDAQ:CNDT – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 797,796 shares changed hands during trading, a decline of 27% from the previous session’s volume of 1,088,117 shares.The stock last traded at $3.80 and had previously closed at $3.79.
Conduent Stock Performance
The company has a debt-to-equity ratio of 1.05, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a fifty day simple moving average of $3.78 and a 200 day simple moving average of $3.59. The company has a market cap of $769.23 million, a price-to-earnings ratio of -4.16 and a beta of 1.47.
Conduent (NASDAQ:CNDT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.14. The business had revenue of $811.00 million for the quarter, compared to the consensus estimate of $803.33 million. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. Conduent’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. On average, sell-side analysts expect that Conduent Incorporated will post -0.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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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