Zagg Inc. (ZAGG) Trading Down 3.7%
Zagg Inc. (NASDAQ:ZAGG) fell 3.7% during trading on Wednesday . The company traded as low as $6.99 and last traded at $7.01, with a volume of 422,870 shares. The stock had previously closed at $7.28.
A number of brokerages have recently issued reports on ZAGG. Zacks Investment Research upgraded shares of Zagg from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Roth Capital lifted their price objective on shares of Zagg from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, July 14th. Finally, Wunderlich reduced their price objective on shares of Zagg from $13.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.69.
The firm has a market capitalization of $201.50 million and a PE ratio of 45.929. The stock’s 50-day moving average price is $6.49 and its 200 day moving average price is $7.47.
Zagg (NASDAQ:ZAGG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.14. The business earned $99.80 million during the quarter, compared to analysts’ expectations of $93.07 million. Zagg’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, equities analysts anticipate that Zagg Inc. will post $0.44 EPS for the current fiscal year.
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.
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