E2open Parent (NYSE:ETWO) released its earnings results on Tuesday. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02, Fidelity Earnings reports.
Shares of NYSE:ETWO opened at $11.47 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.68 and a quick ratio of 1.68. E2open Parent has a 12 month low of $8.26 and a 12 month high of $14.58. The company’s 50-day moving average price is $11.46 and its two-hundred day moving average price is $11.34.
Separately, Bank of America initiated coverage on shares of E2open Parent in a report on Thursday, September 30th. They issued a “neutral” rating and a $14.00 target price on the stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley grew its stake in shares of E2open Parent by 59.0% during the 2nd quarter. Morgan Stanley now owns 3,510,041 shares of the company’s stock worth $40,085,000 after acquiring an additional 1,302,390 shares in the last quarter. Bank of America Corp DE grew its stake in shares of E2open Parent by 91.9% during the 2nd quarter. Bank of America Corp DE now owns 23,123 shares of the company’s stock worth $264,000 after acquiring an additional 11,073 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of E2open Parent during the 2nd quarter worth approximately $203,000. 95.88% of the stock is owned by institutional investors.
E2open Parent Company Profile
E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing, business planning, global trade management, transportation and logistics, collaborative manufacturing, and supply management.
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