Control4 Corp. (CTRL) Sees Large Volume Increase
Control4 Corp. (NASDAQ:CTRL) shares saw unusually-high trading volume on Monday . Approximately 396,682 shares traded hands during trading, an increase of 122% from the previous session’s volume of 178,621 shares.The stock last traded at $10.79 and had previously closed at $10.87.
CTRL has been the topic of several research analyst reports. Zacks Investment Research raised Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Wednesday, July 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Control4 Corp. in a research note on Friday, June 10th. Finally, TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Seven investment analysts have rated the stock with a hold rating, Control4 Corp. presently has a consensus rating of “Hold” and an average target price of $8.55.
The stock’s 50 day moving average is $8.57 and its 200-day moving average is $7.92. The stock has a market cap of $252.33 million and a PE ratio of 33.93.
Control4 Corp. (NASDAQ:CTRL) last posted its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business earned $53.20 million during the quarter, compared to analyst estimates of $50.44 million. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. On average, analysts forecast that Control4 Corp. will post $0.71 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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