Hhgregg Inc. (NYSE:HGG) traded up 4.2% on Wednesday . The company traded as high as $2.32 and last traded at $2.25, with a volume of 193,064 shares. The stock had previously closed at $2.16.

Separately, Zacks Investment Research raised Hhgregg from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research note on Monday, May 23rd.

The company’s market cap is $59.49 million. The firm’s 50-day moving average price is $2.01 and its 200 day moving average price is $1.89.

Hhgregg (NYSE:HGG) last posted its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The business earned $423.57 million during the quarter, compared to analyst estimates of $416.45 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, analysts predict that Hhgregg Inc. will post ($1.10) 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.

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