Zagg Inc. (ZAGG) Sees Unusually-High Trading Volume
Zagg Inc. (NASDAQ:ZAGG) saw unusually-strong trading volume on Tuesday . Approximately 861,093 shares changed hands during mid-day trading, an increase of 17% from the previous session’s volume of 734,846 shares.The stock last traded at $7.18 and had previously closed at $6.99.
A number of equities research analysts recently issued reports on ZAGG shares. Wunderlich lowered their price objective on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 11th. Zacks Investment Research downgraded Zagg from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Finally, Roth Capital reiterated a “hold” rating on shares of Zagg in a research report on Wednesday, May 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Zagg currently has an average rating of “Buy” and a consensus price target of $8.69.
The stock has a market cap of $204.45 million and a price-to-earnings ratio of 46.60. The company’s 50-day moving average price is $6.68 and its 200-day moving average price is $7.39.
Zagg (NASDAQ:ZAGG) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.14. During the same quarter in the previous year, the company posted $0.12 earnings per share. The firm had revenue of $99.80 million for the quarter, compared to the consensus estimate of $93.07 million. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. Equities analysts forecast 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.
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