Arctic Cat Inc. (ACAT) Trading 4.8% Higher
Arctic Cat Inc. (NASDAQ:ACAT)’s share price traded up 4.8% during mid-day trading on Thursday . The stock traded as high as $15.67 and last traded at $15.67, with a volume of 111,688 shares changing hands. The stock had previously closed at $14.95.
Several equities analysts have issued reports on the stock. Feltl & Co. downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price objective on the stock. in a report on Friday, July 29th. Wunderlich reaffirmed a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Arctic Cat in a report on Tuesday, July 12th. Zacks Investment Research raised shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a report on Monday, July 18th. Northcoast Research downgraded shares of Arctic Cat from a “buy” rating to a “neutral” rating in a report on Thursday, June 16th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Arctic Cat in a report on Monday, April 11th. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
The firm’s market capitalization is $202.21 million. The company’s 50 day moving average price is $16.88 and its 200 day moving average price is $15.86.
Arctic Cat (NASDAQ:ACAT) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by $0.45. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $117.81 million. The business’s revenue for the quarter was down 22.0% compared to the same quarter last year. On average, equities analysts anticipate that Arctic Cat Inc. will post ($0.60) EPS for the current fiscal year.
Arctic Cat Inc designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile, ATV and parts, garments and accessories (PG&A).
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