Amada Co. (OTCMKTS:AMDLY) Sees Significant Decline in Short Interest

Amada Co. (OTCMKTS:AMDLY) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 27 shares, a drop of 74.0% from the October 15th total of 104 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 199 shares, the short-interest ratio is presently 0.1 days.

Amada Stock Performance

Shares of AMDLY stock opened at $56.67 on Friday. Amada has a 12-month low of $56.05 and a 12-month high of $74.66. The company has a current ratio of 2.59, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $73.22 and its 200-day moving average price is $64.53. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 20.68 and a beta of 0.37.

Amada (OTCMKTS:AMDLY) last posted its earnings results on Thursday, November 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. Amada had a return on equity of 6.17% and a net margin of 7.24%. The company had revenue of $814.51 million for the quarter, compared to the consensus estimate of $772.11 million.

Amada Company Profile

Amada Co., Ltd. is a Japanese manufacturer of metalworking machinery and related systems. Founded in 1946, the company serves manufacturers that process sheet metal and other materials. Its products include laser-cutting, punching, bending, shearing, welding and stamping machines, as well as machine tools and precision-grinding equipment. Amada also supplies automation systems and software designed to support manufacturing workflows, along with related service and support. Amada serves customers in Japan and international markets, with operations spanning regions including the Americas, Europe and Asia.