Shares Trading down at $107.68 (ZBRA) Zebra Technologies and RILA Announce…


Zebra Technologies Corporation (NASDAQ:ZBRA):

Zebra Technologies and RILA Announce Strategic Partnership to Further Retail Innovation.

The company is now down from yesterday’s close of 108.16.

Zebra Technologies Corporation (Zebra), launched on July 10, 1991, designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Business’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software. The Company operates through two segments: Legacy Zebra, which comprises barcode and card printing, location solutions, supplies and services, and Enterprise, which comprises its mobile computing, data capture, RFID and WLAN products, and services. The Business’s products are used in automatic identification (auto ID), data collection and personal identification applications and are distributed around the world through a network of resellers, distributors and end users representing a cross-section of industrial, service and government organizations. The Company provides a range of maintenance, technical support, repair and managed services, including cloud based subscriptions. It also provides services strategically aligned to the way enterprise businesses manage their mobility infrastructure, devices and related software applications..

It is trading at $107.68 a tad higher than $102.69, the stock’s 50 day moving average and just above the 200 day moving average of $98.69. The 50 day moving average was up $4.98 or +4.852% and the 200 day average went up $8.98 or +9.103%.

As of the latest earnings report the EPS was $-0.79 and is projected to be $6.67 for the current year with 53,108,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $2.08 and the next full year EPS is anticipated to be $7.65.

Investors are feeling more bullish on the company lately if you consider the decrease in short interest. The stock realized a fall in short interest of -5.87% as of the latest report on August 31, 2017. Short interest decreased from 964,557 to 907,937 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.02% as of August 31.