Hhgregg Inc. (HGG) Sees Unusually-High Trading Volume
Hhgregg Inc. (NYSE:HGG) saw strong trading volume on Tuesday . 141,403 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 84,449 shares.The stock last traded at $2.17 and had previously closed at $2.07.
Separately, Zacks Investment Research upgraded Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Tuesday, August 9th.
The company’s market capitalization is $60.04 million. The stock’s 50-day moving average price is $2.01 and its 200-day moving average price is $1.89.
Hhgregg (NYSE:HGG) last issued its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.10. The business had revenue of $423.57 million for the quarter, compared to the consensus estimate of $416.45 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Hhgregg Inc. will post ($1.10) EPS for the current 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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