Zagg Inc. (ZAGG) Trading 3% Higher
Zagg Inc. (NASDAQ:ZAGG) traded up 3% during trading on Wednesday . The company traded as high as $7.60 and last traded at $7.52, with a volume of 430,576 shares changing hands. The stock had previously closed at $7.30.
A number of equities research analysts have recently commented on the stock. Roth Capital increased their target price on shares of Zagg from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, July 14th. Wunderlich cut their price objective on shares of Zagg from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 11th. Finally, Zacks Investment Research upgraded shares of Zagg from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $8.69.
The stock has a 50 day moving average of $6.61 and a 200-day moving average of $7.39. The stock has a market capitalization of $212.19 million and a PE ratio of 48.365.
Zagg (NASDAQ:ZAGG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.14. The company had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $93.07 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Zagg’s revenue for the quarter was up 49.7% on a year-over-year basis. On average, equities analysts predict that Zagg Inc. will post $0.44 EPS for the current year.
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands.