Zagg Inc. (ZAGG) Sees Large Volume Increase
Zagg Inc. (NASDAQ:ZAGG) saw unusually-high trading volume on Tuesday . Approximately 861,093 shares traded hands during trading, an increase of 17% from the previous session’s volume of 734,846 shares.The stock last traded at $7.18 and had previously closed at $6.99.
ZAGG has been the subject of a number of research reports. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Roth Capital reissued a “hold” rating on shares of Zagg in a research report on Wednesday, May 18th. Finally, Wunderlich reduced their price target on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $8.69.
The firm has a market cap of $205.30 million and a P/E ratio of 46.79. The stock’s 50-day moving average price is $6.61 and its 200 day moving average price is $7.39.
Zagg (NASDAQ:ZAGG) last released its earnings results 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 analyst estimates of $93.07 million. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. On average, equities research analysts anticipate that Zagg Inc. will post $0.44 earnings per share for the current 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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