Black Box Corp. (NASDAQ:BBOX) dropped 2.8% during mid-day trading on Monday . The company traded as low as $13.85 and last traded at $13.96, with a volume of 72,027 shares changing hands. The stock had previously closed at $14.36.

The stock’s 50 day moving average price is $13.00 and its 200-day moving average price is $12.14. The stock’s market capitalization is $209.35 million.

Black Box Corp. (NASDAQ:BBOX) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.26 by $0.12. The business had revenue of $224.10 million for the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, analysts forecast that Black Box Corp. will post $1.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Wednesday, June 29th.

An institutional investor recently raised its position in Black Box Corp. stock. First Trust Advisors LP raised its stake in Black Box Corp. (NASDAQ:BBOX) by 34.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 169,850 shares of the company’s stock after buying an additional 43,437 shares during the period. First Trust Advisors LP owned about 1.10% of Black Box Corp. worth $1,619,000 as of its most recent SEC filing.

Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.

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