CAI International (NYSE:CAI) Shares Pass Below Fifty Day Moving Average of $23.15

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Shares of CAI International Inc (NYSE:CAI) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $23.15 and traded as low as $13.26. CAI International shares last traded at $13.62, with a volume of 109,074 shares changing hands.

A number of research firms have weighed in on CAI. Zacks Investment Research lowered shares of CAI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. ValuEngine upgraded shares of CAI International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 11th.

The company has a market cap of $238.18 million, a PE ratio of 10.41 and a beta of 1.65. The stock’s 50 day moving average is $22.88 and its 200-day moving average is $24.44. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 3.19.

CAI International (NYSE:CAI) last announced its earnings results on Thursday, March 5th. The transportation company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.15). The firm had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $106.35 million. CAI International had a net margin of 8.39% and a return on equity of 10.17%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, analysts anticipate that CAI International Inc will post 2.45 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its holdings in shares of CAI International by 10.6% in the 3rd quarter. California Public Employees Retirement System now owns 72,724 shares of the transportation company’s stock valued at $1,583,000 after buying an additional 6,973 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of CAI International during the 3rd quarter valued at approximately $138,000. Tower Research Capital LLC TRC increased its holdings in shares of CAI International by 60.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,429 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 539 shares in the last quarter. Barclays PLC increased its holdings in shares of CAI International by 19.5% during the 3rd quarter. Barclays PLC now owns 13,689 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 2,236 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of CAI International during the 3rd quarter valued at approximately $3,409,000. 88.69% of the stock is currently owned by institutional investors.

CAI International Company Profile (NYSE:CAI)

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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