Hhgregg Inc. (HGG) Trading Down 4.1%
Hhgregg Inc. (NYSE:HGG) shares traded down 4.1% during trading on Friday . The company traded as low as $2.12 and last traded at $2.12, with a volume of 100,776 shares changing hands. The stock had previously closed at $2.21.
Separately, Zacks Investment Research upgraded shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research note on Tuesday, August 9th.
The stock has a 50-day moving average price of $2.04 and a 200 day moving average price of $1.89. The firm’s market cap is $57.82 million.
Hhgregg (NYSE:HGG) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The business had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts expect that Hhgregg Inc. will post ($1.10) earnings per share for the current 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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