Zagg Inc. (ZAGG) Stock Price Up 2.4%
Zagg Inc. (NASDAQ:ZAGG) rose 2.4% on Tuesday . The company 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 topic of a number of research analyst reports. Wunderlich reduced 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. Zacks Investment Research downgraded shares of Zagg from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Finally, Roth Capital restated a “hold” rating on shares of Zagg in a research note on Wednesday, May 18th.
The firm’s 50 day moving average price is $6.95 and its 200-day moving average price is $7.29. The company has a market cap of $204.45 million and a P/E ratio of 46.60.
Zagg (NASDAQ:ZAGG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.14. During the same period last year, the firm posted $0.12 earnings per share. The company earned $99.80 million during the quarter, compared to analysts’ expectations of $93.07 million. Zagg’s quarterly revenue was up 49.7% compared to the same quarter last year. 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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