Virco Manufacturing Corporation (VIRC) Earns News Impact Rating of 0.08
News coverage about Virco Manufacturing Corporation (NASDAQ:VIRC) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virco Manufacturing Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.7518853329314 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Virco Manufacturing Corporation (NASDAQ:VIRC) traded up 2.8019% during midday trading on Monday, reaching $5.4999. 4,430 shares of the company were exchanged. The firm has a 50-day moving average price of $5.38 and a 200-day moving average price of $4.54. Virco Manufacturing Corporation has a 52 week low of $3.55 and a 52 week high of $5.95. The company has a market capitalization of $83.48 million, a PE ratio of 3.5644 and a beta of 0.09.
Virco Manufacturing Corporation (NASDAQ:VIRC) last issued its quarterly earnings data on Monday, June 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.02. The company had revenue of $23.24 million for the quarter. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. Equities research analysts anticipate that Virco Manufacturing Corporation will post $0.44 earnings per share for the current fiscal year.
VIRC has been the subject of several research reports. Zacks Investment Research cut shares of Virco Manufacturing Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. TheStreet raised shares of Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a research report on Thursday, June 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 price target (up previously from $5.00) on shares of Virco Manufacturing Corporation in a research report on Wednesday, June 21st.
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Virco Manufacturing Corporation Company Profile
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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