Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Closed 9.5% Above Its 50 Day Average


The stock is trading at $22.05 which is slightly above $20.13, the stock’s 50 day moving average and impressively higher than the 200 day moving average of $19.38. The 50 day moving average was up $1.92 or +9.52% and the 200 day average moved up $2.67. Trading was light with 7,301 shares changing hands by the end of trading on Tuesday. Overall, volume was down 94.21% under the stocks normal daily volume.

Traders are a little more bearish recently if you look at the rise in short interest. The firm experienced a rise in short interest of 25.79% between September 15, 2017 and September 29, 2017. Short shares increased 380,261 over that timeframe. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares was 0.05% on September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (TYPE). As of quarter end Advisory Services Network, LLC had sold 57 shares trimming its position 23.7%. The value of the investment in (TYPE) decreased from $4,000 to $4,000 a change of $0 for the reporting period. Louisiana State Employees Retirement System cut its stake by shedding 100 shares a decrease of 0.6%. Louisiana State Employees Retirement System now controls 16,900 shares valued at $325,000. The total value of its holdings increased 4.5%.

Winslow, Evans & Crocker, Inc. reduced its holdings by selling 238 shares a decrease of 70.4% from 06/30/2017 to 09/30/2017. Winslow, Evans & Crocker, Inc. claims 100 shares worth $1,926,000. The value of the position overall is down by 68.9%. Bank Of Montreal /can/ augmented its ownership by buying 77 shares an increase of 4.0% in the quarter. Bank Of Montreal /can/ now holds 1,984 shares with a value of $38,000. The value of the position overall is up by 8.6%.

The company is now up since yesterday’s close of 21.9. Additionally the company recently announced a dividend for shareholders paid on Friday the 20th of October 2017. The dividend payment was $0.113 per share for the quarter or $0.45 on an annualized basis. This dividend amount was represent a yield of $2.06. The ex-dividend date was set for Friday the 29th of September 2017.

The most current P/E ratio is 760.34 and the market cap is 874.44M. As of the last earnings report the EPS was $0.03 and is expected to be $0.57 for the current year with 39,657,000 shares outstanding. Next quarter’s EPS is estimated at $0.17 with next year’s EPS anticipated to be $0.75.

Monotype Imaging Holdings Inc. (Monotype), launched on August 11, 2005, is involved in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. For marketers, it enables engagement with a customer’s brand enthusiasts and measurement of content interactions in digital environments, such as mobile messaging and social media platforms. The Company organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM). For Creative Professional market, the Company provides content across multiple devices and mediums. Its solutions, which include type, branded mobile content, visual content marketing solutions, custom design services, and tools and technologies that enable the creative process, are licensed through its direct sales channel, e-commerce platforms and partner platforms. It also provides consumer device manufacturers and independent software vendors (ISVs) with the right solutions for delivering consistent, compelling user experiences..