Science Applications International (NASDAQ:SAIC) Stock Price Down 10.5% – Time to Sell?

Science Applications International Corporation (NASDAQ:SAIC) dropped 10.5% on Wednesday . The company traded as low as $87.50 and last traded at $87.64. Approximately 669,407 shares were traded during trading, an increase of 27% from the average daily volume of 529,131 shares. The stock had previously closed at $97.92.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup upgraded shares of Science Applications International to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Moderate Buy”.

Science Applications International Stock Down 16.0%

The firm has a fifty day moving average of $103.43 and a 200-day moving average of $102.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.64. The firm has a market cap of $3.71 billion, a P/E ratio of 10.51 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Thursday, December 4th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. The company had revenue of $1.87 billion for the quarter. Science Applications International had a return on equity of 33.19% and a net margin of 5.05%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.