Zagg Inc. (ZAGG) Shares Down 4.7%
Zagg Inc. (NASDAQ:ZAGG) dropped 4.7% during mid-day trading on Thursday . The stock traded as low as $7.07 and last traded at $7.14, with a volume of 437,018 shares trading hands. The stock had previously closed at $7.49.
ZAGG has been the topic of several research analyst reports. Zacks Investment Research raised Zagg from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Wunderlich lowered their price target on Zagg from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, May 11th. Finally, Roth Capital reissued a “hold” rating on shares of Zagg in a research report on Wednesday, May 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $8.69.
The stock has a market cap of $200.52 million and a price-to-earnings ratio of 45.71. The firm has a 50 day moving average price of $6.79 and a 200-day moving average price of $7.37.
Zagg (NASDAQ:ZAGG) last issued its quarterly 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 business had revenue of $99.80 million for the quarter, compared to the consensus estimate of $93.07 million. The company’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, analysts anticipate 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.