Shares of Skullcandy Inc. (NASDAQ:SKUL) gapped up before the market opened on Tuesday . The stock had previously closed at $6.18, but opened at $6.22. Skullcandy shares last traded at $6.30, with a volume of 73,019 shares changing hands.

Several research firms recently commented on SKUL. Zacks Investment Research lowered shares of Skullcandy from a “hold” rating to a “sell” rating in a research report on Friday. DA Davidson restated a “neutral” rating and set a $6.10 price target on shares of Skullcandy in a research report on Saturday. TheStreet upgraded shares of Skullcandy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Roth Capital restated a “buy” rating on shares of Skullcandy in a research report on Monday, June 27th. Finally, Wunderlich lowered shares of Skullcandy from a “buy” rating to a “hold” rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Skullcandy presently has a consensus rating of “Hold” and a consensus price target of $6.73.

The company has a market cap of $181.10 million and a price-to-earnings ratio of 105.00. The stock’s 50-day moving average is $6.11 and its 200-day moving average is $4.35.

Skullcandy (NASDAQ:SKUL) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business earned $57.28 million during the quarter, compared to analysts’ expectations of $56.72 million. During the same quarter last year, the company earned $0.04 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts predict that Skullcandy Inc. will post $0.23 EPS for the current year.

In related news, major shareholder Ptarmagin, Llc sold 37,500 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $3.48, for a total value of $130,500.00. Following the completion of the sale, the insider now owns 3,714,886 shares in the company, valued at approximately $12,927,803.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rick Alden sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $4.55, for a total transaction of $113,750.00. Following the completion of the sale, the director now owns 731,324 shares of the company’s stock, valued at approximately $3,327,524.20. 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 disclosure with the Securities and Exchange Commission. The firm 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 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.

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