Skullcandy Inc. (NASDAQ:SKUL) shares saw strong trading volume on Friday . 473,355 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 347,365 shares.The stock last traded at $6.15 and had previously closed at $6.16.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Skullcandy from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet upgraded shares of Skullcandy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Wunderlich reiterated a “buy” rating and issued a $7.00 price objective on shares of Skullcandy in a research note on Wednesday, June 8th. Roth Capital reiterated a “buy” rating on shares of Skullcandy in a research note on Monday, June 27th. Finally, DA Davidson cut shares of Skullcandy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $4.50 to $5.00 in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.59.

The company has a market cap of $175.77 million and a P/E ratio of 38.62. The stock’s 50 day moving average is $6.05 and its 200 day moving average is $4.26.

Skullcandy (NASDAQ:SKUL) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $57.28 million for the quarter, compared to the consensus estimate of $56.72 million. Skullcandy’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities research analysts anticipate that Skullcandy Inc. will post $0.22 earnings per share for the current fiscal year.

In other Skullcandy news, Director Rick Alden sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $6.11, for a total transaction of $152,750.00. Following the sale, the director now directly owns 706,324 shares of the company’s stock, valued at $4,315,639.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ptarmagin, Llc sold 37,500 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $6.16, for a total transaction of $231,000.00. Following the sale, the insider now directly owns 3,264,886 shares in the company, valued at $20,111,697.76. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Skullcandy stock. Dimensional Fund Advisors LP raised its stake in shares of Skullcandy Inc. (NASDAQ:SKUL) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,506,475 shares of the company’s stock after buying an additional 14,155 shares during the period. Dimensional Fund Advisors LP owned approximately 5.28% of Skullcandy worth $7,126,000 at the end of the most recent reporting period.

Skullcandy, Inc creates audio experiences through its Skullcandy and Astro Gaming brands. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. The International segment includes Skullcandy product sales to customers in Europe, Asia, Canada Mexico, and all other geographic areas outside the United States that are served by the Company’s International operations.

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