Hhgregg Inc. (HGG) Trading Down 3.8%
Hhgregg Inc. (NYSE:HGG) dropped 3.8% during mid-day trading on Thursday . The company traded as low as $1.98 and last traded at $2.00, with a volume of 125,166 shares. The stock had previously closed at $2.08.
Separately, Zacks Investment Research upgraded shares of Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Wednesday, July 20th.
The stock has a 50 day moving average price of $2.07 and a 200-day moving average price of $1.91. The firm’s market cap is $57.26 million.
Hhgregg (NYSE:HGG) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.10. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. The business had revenue of $423.57 million for the quarter, compared to analysts’ expectations of $416.45 million. Hhgregg’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research 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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