Craig Hallum lowered shares of Skullcandy (NASDAQ: SKUL) from a buy rating to a hold rating in a research report released on Friday morning. Craig Hallum currently has $8.00 price target on the stock, down from their previous price target of $15.00.

A number of other firms have also recently commented on SKUL. Analysts at Bank of America downgraded shares of Skullcandy from a buy rating to an underperform rating in a research note to investors on Friday. They now have a $4.50 price target on the stock, down previously from $12.00. Separately, analysts at Northland Securities downgraded shares of Skullcandy from an outperform rating to a market perform rating in a research note to investors on Friday. They now have a $6.00 price target on the stock, down previously from $12.00. Finally, analysts at DA Davidson downgraded shares of Skullcandy from a buy rating to an underperform rating in a research note to investors on Friday. They now have a $4.50 price target on the stock, down previously from $9.00.

One investment analyst has rated the stock with a buy rating, four have given a hold rating, two have assigned an underweight rating, and two have issued a sell rating to the stock. The company presently has an average rating of hold and an average price target of $6.67.

Shares of Skullcandy traded down 2.42% during mid-day trading on Friday, hitting $5.25. Skullcandy has a 52 week low of $5.06 and a 52 week high of $17.76. The stock’s 50-day moving average is currently $6.44. The company has a market cap of $144.9 million and a P/E ratio of 5.85.

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.

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