Virco Manufacturing Corp. (VIRC) Trading Down 2.5%
Shares of Virco Manufacturing Corp. (NASDAQ:VIRC) traded down 2.5% on Friday . The stock traded as low as $4.33 and last traded at $4.34, with a volume of 57,296 shares trading hands. The stock had previously closed at $4.45.
Separately, Zacks Investment Research raised shares of Virco Manufacturing Corp. from a “sell” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Wednesday, June 29th.
The firm’s 50 day moving average is $4.25 and its 200-day moving average is $3.55. The stock has a market capitalization of $65.24 million and a price-to-earnings ratio of 14.65.
Virco Manufacturing Corp. (NASDAQ:VIRC) last issued its earnings results on Friday, June 10th. The company reported ($0.21) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The firm earned $20.83 million during the quarter. Equities analysts forecast that Virco Manufacturing Corp. will post $0.39 earnings per share for the current year.
An institutional investor recently raised its position in Virco Manufacturing Corp. stock. Dimensional Fund Advisors LP increased its position in Virco Manufacturing Corp. (NASDAQ:VIRC) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,677 shares of the company’s stock after buying an additional 2,917 shares during the period. Dimensional Fund Advisors LP owned about 3.30% of Virco Manufacturing Corp. worth $1,651,000 as of its most recent SEC filing.
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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