Black Box Corporation (NASDAQ:BBOX) Reaches New 12-Month Low at $7.45
Black Box Corporation (NASDAQ:BBOX) reached a new 52-week low on Thursday . The company traded as low as $7.45 and last traded at $7.45, with a volume of 35,163 shares trading hands. The stock had previously closed at $7.65.
Separately, Sidoti upgraded shares of Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, June 27th.
The company’s market capitalization is $110.73 million. The stock has a 50-day moving average of $8.07 and a 200 day moving average of $9.00.
Black Box Corporation (NASDAQ:BBOX) last issued its earnings results on Tuesday, May 9th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Black Box Corporation had a negative net margin of 0.83% and a positive return on equity of 7.74%. The company had revenue of $208.10 million for the quarter, compared to analysts’ expectations of $207.44 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. Analysts predict that Black Box Corporation will post $0.23 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. FMR LLC raised its stake in Black Box Corporation by 1.9% in the first quarter. FMR LLC now owns 1,831,294 shares of the technology company’s stock valued at $16,390,000 after buying an additional 34,294 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Black Box Corporation by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,147,284 shares of the technology company’s stock valued at $10,268,000 after buying an additional 13,325 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Black Box Corporation by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 914,520 shares of the technology company’s stock valued at $8,185,000 after buying an additional 100,918 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new position in shares of Black Box Corporation during the second quarter valued at about $5,460,000. Finally, Uniplan Investment Counsel Inc. increased its position in shares of Black Box Corporation by 5.2% in the first quarter. Uniplan Investment Counsel Inc. now owns 468,087 shares of the technology company’s stock valued at $4,189,000 after buying an additional 22,945 shares in the last quarter. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
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Black Box Corporation Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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