Black Box Corporation (NASDAQ:BBOX)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $2.90 and last traded at $2.93, with a volume of 241,542 shares changing hands. The stock had previously closed at $3.05.

Separately, Sidoti raised Black Box Corporation from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, June 27th.

The firm’s 50-day moving average is $5.74 and its 200 day moving average is $8.02. The company’s market capitalization is $44.65 million.

Black Box Corporation (NASDAQ:BBOX) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.34. Black Box Corporation had a positive return on equity of 3.05% and a negative net margin of 1.97%. The company had revenue of $191.60 million during the quarter, compared to the consensus estimate of $207.63 million. During the same period in the previous year, the business earned $0.13 earnings per share. Black Box Corporation’s revenue was down 12.3% on a year-over-year basis. Equities analysts anticipate that Black Box Corporation will post ($0.69) earnings per share for the current fiscal year.

In related news, Director John S. Heller purchased 10,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $4.35 per share, with a total value of $43,500.00. Following the completion of the acquisition, the director now directly owns 52,320 shares of the company’s stock, valued at $227,592. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings 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 worth $8,185,000 after acquiring an additional 100,918 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Black Box Corporation by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 299,770 shares of the technology company’s stock worth $2,682,000 after acquiring an additional 15,028 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of Black Box Corporation by 104.7% in the first quarter. OppenheimerFunds Inc. now owns 72,417 shares of the technology company’s stock worth $648,000 after acquiring an additional 37,046 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Black Box Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 115,136 shares of the technology company’s stock worth $1,030,000 after acquiring an additional 4,048 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Black Box Corporation by 6.7% in the first quarter. Bank of America Corp DE now owns 165,625 shares of the technology company’s stock worth $1,482,000 after acquiring an additional 10,350 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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About Black Box Corporation

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.