Hhgregg Inc. (NYSE:HGG) shares shot up 4.2% on Wednesday . The stock 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 upgraded Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Tuesday, August 9th.

The firm has a 50-day moving average of $2.04 and a 200 day moving average of $1.89. The company’s market cap is $61.43 million.

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. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts predict that Hhgregg Inc. will post ($1.10) earnings per share 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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