Virco Manufacturing Corp. (VIRC) Reaches New 52-Week High at $4.80
Shares of Virco Manufacturing Corp. (NASDAQ:VIRC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $4.80 and last traded at $4.80, with a volume of 59,351 shares trading hands. The stock had previously closed at $4.62.
Separately, Zacks Investment Research lowered Virco Manufacturing Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th.
The stock’s 50-day moving average is $4.00 and its 200 day moving average is $3.46. The firm has a market capitalization of $70.79 million and a PE ratio of 15.89.
Virco Manufacturing Corp. (NASDAQ:VIRC) last released its quarterly earnings data on Friday, June 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.01. The business earned $20.83 million during the quarter. Analysts expect that Virco Manufacturing Corp. will post $0.39 earnings per share for the current year.
An institutional investor recently raised its position in Virco Manufacturing Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Virco Manufacturing Corp. (NASDAQ:VIRC) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,677 shares of the company’s stock after buying an additional 2,917 shares during the period. Dimensional Fund Advisors LP owned approximately 3.30% of Virco Manufacturing Corp. worth $1,651,000 as of its most recent SEC filing.
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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