Shares of Skullcandy Inc. (NASDAQ:SKUL) saw strong trading volume on Friday . 473,355 shares were traded during 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 equities research analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $6.10 price objective on shares of Skullcandy in a research note on Saturday. Zacks Investment Research lowered Skullcandy from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet raised Skullcandy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Roth Capital reissued a “buy” rating on shares of Skullcandy in a research note on Monday, June 27th. Finally, Wunderlich lowered Skullcandy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $7.00 to $6.00 in a research note on Friday, June 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.73.

The company has a 50 day moving average of $6.05 and a 200 day moving average of $4.26. The firm has a market capitalization of $176.50 million and a price-to-earnings ratio of 102.33.

Skullcandy (NASDAQ:SKUL) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company earned $57.28 million during the quarter, compared to the consensus estimate of $56.72 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts expect that Skullcandy Inc. will post $0.22 EPS for the current year.

In related news, major shareholder Ptarmagin, Llc sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $3.59, for a total value of $134,625.00. Following the completion of the transaction, the insider now owns 3,677,386 shares in the company, valued at approximately $13,201,815.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rick Alden sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $6.11, for a total transaction of $152,750.00. Following the completion of the transaction, the director now owns 706,324 shares of the company’s stock, valued at approximately $4,315,639.64. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Skullcandy stock. Dimensional Fund Advisors LP increased its stake in Skullcandy Inc. (NASDAQ:SKUL) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 about 5.28% of Skullcandy worth $7,126,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.