Quadrant 4 Systems Corp. (OTCMKTS:QFOR) Heating Up
The stock of Quadrant 4 Systems Corp. (OTCMKTS:QFOR) is usually quiet and trades in small volumes, registering trade values ranging from $5 thousand to $150 thousand a day. As the stock started climbing in price recently, however, we also see an increase in traded shares.
This happened after the company issued its most recent financial filing, covering the quarterly period ended September 30. Despite the fact that QFOR finished Q3 of this year with a net loss again, there are quite a lot of positive signs. The numbers of prime interest are as goes.
- cash: $47 thousand
- current assets: $6.6 million
- total assets: $28 million
- current liabilities: $11 million
- total liabilities: $20 million
- revenues: $9.1 million
- net loss: $836 thousand
Probably the most disturbing part of the report is the small amount of money the company has on hand. However, let’s not forget the very good amount that QFOR recorded in the revenues section and the fact that it is growing.
In fact, looking at the nine month period that ended September 30, we can see that the company has recorded a 47% increase in revenue compared to the same period in 2012, with $28 million for this year and $19 million for the previous, while in the same time the net loss remains around $2.6 million.
The company stock climbed by as much as 63% over the course of the last 3 trade sessions and we saw quite a lot of traded shares yesterday. QFOR opened the week with a 22.73% increase in price and closed Monday’s session with a price of $0.54 per share, while a total of 726 thousand shares switched hands. That is 7 times the ticker’s average volume and helped generate $362 in trade value.
What might drive the stock to reach even higher prices is yesterday’s report by RedChip (issued for a compensation of course), which featured an interview with QFOR‘s CEO, Mr. Dhru Desai. The main emphasis of the report was the expected growth of the company and the fact that it is somewhat underpriced at the moment, considering the expanding operations and the companies that QFOR is providing services to, such as Walgreens, Dell Inc. (NASDAQ:DELL), Cisco Systems, Inc. (NASDAQ:CSCO) and Citibank.
With all that in mind, we can say that QFOR is a rare gem in pennyland, however as usual, we would advise you to do your own due diligence and weigh out the risks if you have thoughts of investing in this stock.
Decision Diagnostics Corp. (OTCBB:DECN) are also gathering momentum in an upward direction after they reached the $1 mark with a 16.28% gain yesterday. ChromaDex Corp. (OTCMKTS:CDXC) on the other hand had a dreadfull start of the week and dropped below $1 per share in the first session.
