Systemax Inc. (NYSE:SYX) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 110,300 shares, a drop of 36.2% from the July 31st total of 172,900 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 65,600 shares, the short-interest ratio is currently 1.7 days.
SYX stock traded down $0.03 during trading on Friday, reaching $22.94. The company had a trading volume of 36,338 shares, compared to its average volume of 68,368. The firm has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $21.31. The company has a market cap of $831.44 million, a price-to-earnings ratio of 18.50 and a beta of 0.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.75. Systemax has a twelve month low of $18.49 and a twelve month high of $35.89.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, July 30th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $248.60 million during the quarter, compared to analysts’ expectations of $247.65 million. Systemax had a net margin of 23.14% and a return on equity of 25.61%. Systemax’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Sell-side analysts expect that Systemax will post 1.39 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in Systemax by 1,205.7% during the 2nd quarter. Bank of Montreal Can now owns 1,136 shares of the company’s stock valued at $25,000 after acquiring an additional 1,049 shares during the period. Assetmark Inc. acquired a new stake in Systemax during the 2nd quarter valued at approximately $36,000. Aperio Group LLC acquired a new stake in Systemax during the 2nd quarter valued at approximately $42,000. BNP Paribas Arbitrage SA lifted its stake in Systemax by 651.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock valued at $61,000 after acquiring an additional 2,346 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Systemax during the 1st quarter valued at approximately $219,000. Institutional investors and hedge funds own 29.15% of the company’s stock.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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