Skullcandy Inc. (NASDAQ:SKUL) shot up 1.9% during mid-day trading on Wednesday . The company traded as high as $6.44 and last traded at $6.42, with a volume of 72,196 shares changing hands. The stock had previously closed at $6.30.

A number of analysts recently issued reports on SKUL shares. Zacks Investment Research downgraded Skullcandy from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. DA Davidson restated a “neutral” rating and set a $6.10 price target on shares of Skullcandy in a research note on Saturday, August 13th. TheStreet upgraded Skullcandy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Roth Capital restated 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 cut their price target for the company from $7.00 to $6.00 in a research note on Friday, June 24th. One investment 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 presently has an average rating of “Hold” and an average target price of $6.73.

The firm has a market cap of $184.26 million and a price-to-earnings ratio of 106.83. The company’s 50-day moving average is $6.12 and its 200 day moving average is $4.38.

Skullcandy (NASDAQ:SKUL) last announced its quarterly earnings data 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 firm earned $57.28 million during the quarter, compared to the consensus estimate of $56.72 million. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts expect that Skullcandy Inc. will post $0.24 earnings per share for the current year.

In other news, Director Rick Alden sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $4.55, for a total transaction of $113,750.00. Following the completion of the transaction, the director now directly owns 731,324 shares of the company’s stock, valued at $3,327,524.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ptarmagin, Llc sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $6.18, for a total value of $231,750.00. Following the transaction, the insider now directly owns 3,302,386 shares of the company’s stock, valued at $20,408,745.48. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Skullcandy stock. Dimensional Fund Advisors LP increased its position in shares of Skullcandy Inc. (NASDAQ:SKUL) by 0.9% during the fourth quarter, according to its most recent Form 13F 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 quarter.

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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