Zagg Inc. (ZAGG) Trading 2.4% Higher
Zagg Inc. (NASDAQ:ZAGG) traded up 2.4% during mid-day trading on Tuesday . The stock traded as high as $7.37 and last traded at $7.30, with a volume of 116,418 shares changing hands. The stock had previously closed at $7.13.
ZAGG has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Zagg from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Roth Capital raised their target price 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 cut their target price 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.
The stock has a market capitalization of $204.74 million and a P/E ratio of 46.67. The company has a 50-day moving average of $6.84 and a 200-day moving average of $7.31.
Zagg (NASDAQ:ZAGG) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.14. The company earned $99.80 million during the quarter, compared to analysts’ expectations 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 posted $0.12 EPS. On average, equities research 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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