Hhgregg Inc. (HGG) Trading Down 4.1%
Hhgregg Inc. (NYSE:HGG) shares dropped 4.1% during mid-day trading on Friday . The company traded as low as $2.12 and last traded at $2.12, with a volume of 100,776 shares traded. The stock had previously closed at $2.21.
Separately, Zacks Investment Research upgraded Hhgregg from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Monday, May 23rd.
The company’s market capitalization is $57.82 million. The company’s 50-day moving average is $2.04 and its 200 day moving average is $1.89.
Hhgregg (NYSE:HGG) last released its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. During the same period in the prior year, the company posted ($0.17) EPS. The firm had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Hhgregg Inc. will post ($1.10) EPS for the current fiscal year.
hhgregg, Inc (hhgregg) is an appliance, consumer electronics and furniture retailer. The Company has around 228 stores in 20 states that also offer global and local brands across the nation via hhgregg.com. hhgregg sells appliances, including washers and dryers, dishwashers, freezers and air conditioners, under brands, such as Amana, Bosch, Maytag, Samsung and Whirlpool; consumer electronics, including televisions, Blu-Ray and digital versatile disc (DVD) players, and audio, under brands, such as Haier, Sanyo, Seiki, Sharp, Sony and Toshiba; computers, computer accessories and tablets, under brands, such as Apple, Asus, Hewlett Packard, Samsung and Toshiba, and home products, including bedding and home furniture, under brands, such as Ashley, Bello, Tech Craft and Tempur-Pedic.
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