Shares of Control4 Corp. (NASDAQ:CTRL) fell 2.4% during mid-day trading on Friday . The stock traded as low as $8.37 and last traded at $8.40, with a volume of 68,946 shares trading hands. The stock had previously closed at $8.61.

Several brokerages have issued reports on CTRL. Zacks Investment Research cut Control4 Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Control4 Corp. in a research note on Friday, June 10th. Six equities research analysts have rated the stock with a hold rating, Control4 Corp. presently has an average rating of “Hold” and an average price target of $8.55.

The company has a market cap of $195.16 million and a price-to-earnings ratio of 22.05. The firm has a 50 day moving average price of $8.16 and a 200 day moving average price of $7.68.

Control4 Corp. (NASDAQ:CTRL) last issued its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. The firm earned $43 million during the quarter, compared to the consensus estimate of $39.30 million. During the same period in the previous year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. On average, equities analysts predict that Control4 Corp. will post $0.69 earnings per share for the current fiscal year.

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.

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