Hhgregg Inc. (NYSE:HGG) shot up 8.5% on Thursday . The stock traded as high as $2.19 and last traded at $2.17, with a volume of 121,773 shares changing hands. The stock had previously closed at $2.00.

Separately, Zacks Investment Research raised shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Hhgregg presently has an average rating of “Hold” and an average target price of $3.56.

The stock has a 50 day moving average of $1.73 and a 200 day moving average of $1.90. The company’s market cap is $58.18 million.

Hhgregg (NYSE:HGG) last announced its quarterly earnings results on Thursday, May 19th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.09. The business earned $439 million during the quarter, compared to analysts’ expectations of $462 million. Hhgregg’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.47) EPS. On average, equities analysts expect that Hhgregg Inc. will post ($1.09) EPS for the current fiscal year.

hhgregg, Inc (hhgregg) is an appliance, consumer electronics and furniture retailer. The Company has around 228 stores in 20 states that also offer global and local brands across the nation via hhgregg.com. hhgregg sells appliances, including washers and dryers, dishwashers, freezers and air conditioners, under brands, such as Amana, Bosch, Maytag, Samsung and Whirlpool; consumer electronics, including televisions, Blu-Ray and digital versatile disc (DVD) players, and audio, under brands, such as Haier, Sanyo, Seiki, Sharp, Sony and Toshiba; computers, computer accessories and tablets, under brands, such as Apple, Asus, Hewlett Packard, Samsung and Toshiba, and home products, including bedding and home furniture, under brands, such as Ashley, Bello, Tech Craft and Tempur-Pedic.

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