Hhgregg Inc. (NYSE:HGG) gapped up prior to trading on Wednesday . The stock had previously closed at $2.11, but opened at $2.13. Hhgregg shares last traded at $2.18, with a volume of 27,780 shares trading hands.

Separately, Zacks Investment Research lowered Hhgregg from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $3.56.

The stock has a 50-day moving average of $1.85 and a 200-day moving average of $1.86. The company’s market cap is $63.17 million.

Hhgregg (NYSE:HGG) last released its 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 had revenue of $439 million for the quarter, compared to the consensus estimate of $462 million. During the same quarter in the previous year, the company earned ($0.47) earnings per share. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities research analysts anticipate that Hhgregg Inc. will post ($1.15) earnings per share 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.