The stock is trading at $26.41 a great deal higher than $24.00, the 50 day moving average and which is significantly above the 200 day moving average of $17.24. The 50 day moving average went up $2.41 or +10.04% and the 200 day average went up by +53.22%. Systemax Inc. shares had a trading volume of 95K by the end of trading on Wednesday. Trading volume was up 325.13% over the stocks average daily volume.
Traders are a little more bullish of late if you take note of the downtick in short interest. The stock had a fall in short interest between August 15, 2017 and August 31, 2017 of -4.40%. Short interest fell from 246,215 to 235,384 over that period. The short-interest ratio increased to 3.0 and the short interest percentage is 0.01% as of August 31.
A few notable investment firms have updated their holdings. Goodhaven Capital Management, LLC divested its stake by shedding 4,840 shares a decrease of 1.0% in the quarter. Goodhaven Capital Management, LLC controls 493,191 shares valued at $9,272,000. The total value of its holdings increased 67.9%. Advisory Services Network, LLC reduced its ownership by selling 4 shares a decrease of 80.0% as of 06/30/2017. Advisory Services Network, LLC owns 1 shares with a value of $0. The value of the position overall is down by nan%.
As of quarter end Perritt Capital Management Inc had sold 229,414 shares trimming its stake by 51.7%. The value of the investment in Systemax Inc. decreased from $4,925,000 to $4,036,000 a change of 18.1% quarter over quarter. As of the end of the quarter Gsa Capital Partners Llp had disposed of a total of 28,284 shares trimming its position 62.3%. The value of the investment in (SYX) went from $503,000 to $321,000 decreasing 36.2% for the reporting period.
The company is unchanged since yesterday’s close of 26.41. Additionally Systemax Inc. announced a dividend paid on Monday August 21st, 2017. The dividend was $0.100 per share for the quarter or $0.40 annualized. The dividend yield was $1.60. The ex-dividend date was Thursday the 10th of August 2017.
In the last earnings report the EPS was $-0.34 and is expected to be $1.23 for the current year with 37,018,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.32 with next year’s EPS projected to be $1.49.
Systemax Inc., launched on April 21, 1995, is a direct marketer of brand name and private label products. The Business’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate)..