Black Box Corporation (NASDAQ:BBOX)’s share price reached 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. 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 research report on Tuesday, June 27th.

The firm’s market capitalization is $43.90 million. The firm has a 50-day moving average of $5.45 and a 200-day moving average of $7.95.

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

In other news, Director John S. Heller bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $4.35 per share, for a total transaction of $43,500.00. Following the purchase, the director now owns 52,320 shares of the company’s stock, valued at approximately $227,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Black Box Corporation by 1.7% in the 2nd quarter. FMR LLC now owns 1,863,131 shares of the technology company’s stock valued at $15,930,000 after purchasing an additional 31,837 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Black Box Corporation by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,160,224 shares of the technology company’s stock valued at $9,920,000 after purchasing an additional 12,940 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Black Box Corporation by 12.4% in the 1st quarter. JPMorgan Chase & Co. now owns 914,520 shares of the technology company’s stock valued at $8,185,000 after purchasing an additional 100,918 shares during the last quarter. Vanguard Group Inc. lifted its stake in Black Box Corporation by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 736,315 shares of the technology company’s stock valued at $6,295,000 after purchasing an additional 40,878 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in Black Box Corporation in the 2nd quarter valued at about $5,460,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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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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