Shares of Cray Inc. (NASDAQ:CRAY) saw unusually-strong trading volume on Tuesday . Approximately 1,211,347 shares changed hands during trading, an increase of 141% from the previous session’s volume of 503,447 shares.The stock last traded at $34.93 and had previously closed at $34.69.

Several equities analysts recently issued reports on CRAY shares. Zacks Investment Research cut Cray from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. ValuEngine upgraded Cray from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. Wells Fargo & Co cut Cray from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. BidaskClub upgraded Cray from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Craig Hallum cut Cray from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Cray presently has a consensus rating of “Hold” and a consensus price target of $33.00.

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.14. The company has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $29.99. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.61 and a beta of 0.84.

Cray (NASDAQ:CRAY) last issued its earnings results on Friday, August 2nd. The technology company reported ($0.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.12). Cray had a negative return on equity of 26.31% and a negative net margin of 27.17%. The company had revenue of $68.70 million during the quarter, compared to analyst estimates of $72.15 million. Research analysts anticipate that Cray Inc. will post -2.29 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CRAY. Oregon Public Employees Retirement Fund increased its holdings in shares of Cray by 1.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,116 shares of the technology company’s stock valued at $561,000 after purchasing an additional 300 shares during the period. Mason Street Advisors LLC increased its holdings in shares of Cray by 3.5% during the first quarter. Mason Street Advisors LLC now owns 13,132 shares of the technology company’s stock valued at $342,000 after purchasing an additional 450 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in shares of Cray by 5.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 10,239 shares of the technology company’s stock valued at $267,000 after purchasing an additional 529 shares during the period. Arizona State Retirement System increased its holdings in shares of Cray by 1.3% during the second quarter. Arizona State Retirement System now owns 63,882 shares of the technology company’s stock valued at $2,224,000 after purchasing an additional 804 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Cray by 9.6% during the second quarter. Aperio Group LLC now owns 9,455 shares of the technology company’s stock valued at $329,000 after purchasing an additional 828 shares during the period. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Cray Company Profile (NASDAQ:CRAY)

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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