Shares last traded at $12.85 which is slightly above the 50 day moving average which is $12.19 and marginally over the 200 day moving average of $12.03. The 50 day moving average was up by +5.45% whereas the 200 day average was up by +6.81%. Trading volume for Safeguard Scientifics, Inc. New was 40K on Wednesday. Shares saw a steep decrease in trading volume of 43.88% under the normal average daily volume.
Investors are a little more bearish on Safeguard Scientifics, Inc. New considering the change in short interest. The firm had a rise in short interest between August 15, 2017 and August 31, 2017 of 6.57%. Short interest grew from 777,057 to 828,082 over that period. With short interest at 828,082 and short average daily volume at 35,309, days to cover is 23.0 and the percentage of shorted shares is 0.04% as of August 31.
The following firms have recently changed their position in SFE. Ubs Group Ag cut its holdings by shedding 1,004 shares a decrease of 53.2%. Ubs Group Ag now controls 883 shares with a value of $11,000. The value of the position overall is down by 54.2%. Dnb Asset Management As reduced its ownership by selling 2,100 shares a decrease of 6.4% from 03/31/2017 to 06/30/2017. Dnb Asset Management As currently owns 30,758 shares valued at $366,020,000. The total value of its holdings increased 87,674.6%.
American Research & Management Co. divested its investment by selling 10,100 shares a decrease of 7.5% in the quarter. American Research & Management Co. owns 124,416 shares worth $1,481,000. The total value of its holdings decreased 13.3%. Wellington Shields Capital Management, LLC grew its position by buying 22,300 shares an increase of 35.3% as of 06/30/2017. Wellington Shields Capital Management, LLC now holds 85,428 shares valued at $1,017,000. The value of the position overall is up by 26.8%.
In the latest earnings report the EPS was $-4.87 and is projected to be $-3.49 for the current year with 20,413,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.34 with next year’s EPS anticipated to be $-1.99.
Safeguard Scientifics, Inc., launched on September 11, 1953, is involved in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies. The Company offers operational and management support to each of its partner companies..