Arctic Cat Inc. (NASDAQ:ACAT)’s share price was down 4.4% during mid-day trading on Wednesday . The stock traded as low as $13.96 and last traded at $13.99, with a volume of 73,617 shares changing hands. The stock had previously closed at $14.63.

Several equities analysts have issued reports on ACAT shares. Feltl & Co. cut shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research note on Friday, July 29th. Zacks Investment Research cut shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a research note on Monday, May 16th. Wunderlich decreased their target price on shares of Arctic Cat from $11.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, May 12th. Finally, Northcoast Research lowered shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $15.00.

The company has a 50 day moving average of $15.92 and a 200-day moving average of $16.17. The firm’s market cap is $188.27 million.

Arctic Cat (NASDAQ:ACAT) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.45. The company earned $104.90 million during the quarter, compared to analysts’ expectations of $117.81 million. During the same quarter in the previous year, the business earned ($0.08) EPS. Arctic Cat’s revenue was down 22.0% compared to the same quarter last year. Equities research analysts anticipate that Arctic Cat Inc. will post ($0.92) earnings per share for the current fiscal year.

In other news, Director Andrew S. Duff acquired 5,000 shares of Arctic Cat stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $14.89 per share, for a total transaction of $74,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.

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