Virco Manufacturing Corp. (VIRC) Stock Price Down 2.5%
Virco Manufacturing Corp. (NASDAQ:VIRC) shares traded down 2.5% on Friday . The company 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 upgraded shares of Virco Manufacturing Corp. from a “sell” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Wednesday, June 29th.
The firm has a market cap of $65.24 million and a P/E ratio of 14.65. The stock’s 50 day moving average is $4.25 and its 200-day moving average is $3.55.
Virco Manufacturing Corp. (NASDAQ:VIRC) last issued its quarterly earnings results on Friday, June 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. The business earned $20.83 million during the quarter. On average, equities research analysts expect that Virco Manufacturing Corp. will post $0.39 EPS for the current year.
An institutional investor recently raised its position in Virco Manufacturing Corp. stock. Dimensional Fund Advisors LP raised its stake in Virco Manufacturing Corp. (NASDAQ:VIRC) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,677 shares of the company’s stock after buying an additional 2,917 shares during the period. Dimensional Fund Advisors LP owned 3.30% of Virco Manufacturing Corp. worth $1,651,000 at the end of the most recent quarter.
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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