Shares of Virco Manufacturing Corporation (NASDAQ:VIRC) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $6.00 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Virco Manufacturing Corporation an industry rank of 214 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Virco Manufacturing Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. ValuEngine downgraded shares of Virco Manufacturing Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Wedbush reissued an “ourperform” rating and set a $6.00 price objective on shares of Virco Manufacturing Corporation in a research report on Friday, September 15th.

A hedge fund recently raised its stake in Virco Manufacturing Corporation stock. D.A. Davidson & CO. lifted its position in shares of Virco Manufacturing Corporation (NASDAQ:VIRC) by 50.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 246,723 shares of the company’s stock after buying an additional 83,250 shares during the quarter. D.A. Davidson & CO. owned approximately 1.63% of Virco Manufacturing Corporation worth $1,319,000 at the end of the most recent quarter. Institutional investors own 27.36% of the company’s stock.

Shares of Virco Manufacturing Corporation (NASDAQ VIRC) traded up $0.10 during mid-day trading on Friday, hitting $5.20. 8,200 shares of the stock were exchanged, compared to its average volume of 8,990. Virco Manufacturing Corporation has a 12-month low of $3.55 and a 12-month high of $6.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.70 and a current ratio of 1.48. The company has a market cap of $79.86, a P/E ratio of 20.00 and a beta of -0.02.

Virco Manufacturing Corporation (NASDAQ:VIRC) last issued its quarterly earnings data on Thursday, September 14th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Virco Manufacturing Corporation had a net margin of 11.67% and a return on equity of 6.68%. The business had revenue of $72.64 million for the quarter, compared to the consensus estimate of $69.33 million. sell-side analysts expect that Virco Manufacturing Corporation will post 0.43 earnings per share for the current fiscal year.

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About Virco Manufacturing Corporation

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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