Zagg Inc. (ZAGG) Trading Down 4.7%
Zagg Inc. (NASDAQ:ZAGG) traded down 4.7% on Thursday . The company traded as low as $7.07 and last traded at $7.14, with a volume of 437,018 shares. The stock had previously closed at $7.49.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Zagg from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Wunderlich decreased their price target on shares of Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 11th. Finally, Roth Capital lifted their price target on shares of Zagg from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, July 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.69.
The company’s 50 day moving average is $6.68 and its 200 day moving average is $7.39. The stock has a market cap of $203.33 million and a P/E ratio of 46.35.
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, topping analysts’ consensus estimates of ($0.03) by $0.14. The company had revenue of $99.80 million for the quarter, compared to the consensus estimate of $93.07 million. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Analysts expect that Zagg Inc. will post $0.44 earnings per share 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.
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.