Virco Manufacturing Corp. (VIRC) Reaches New 12-Month High at $4.80
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. The stock had previously closed at $4.62.
Separately, Zacks Investment Research raised Virco Manufacturing Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th.
The company has a market cap of $72.74 million and a PE ratio of 16.33. The firm has a 50-day moving average price of $4.06 and a 200 day moving average price of $3.48.
Virco Manufacturing Corp. (NASDAQ:VIRC) last posted its quarterly earnings results on Friday, June 10th. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. The company earned $20.83 million during the quarter. Equities analysts expect that Virco Manufacturing Corp. will post $0.39 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Virco Manufacturing Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Virco Manufacturing Corp. (NASDAQ:VIRC) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 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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