Separately, TheStreet lowered shares of Virco Mfg. from a c- rating to a d+ rating in a report on Friday, April 22nd.
Virco Mfg. stock opened at $3.96 on Monday. The firm has a 50-day moving average price of $3.10 and a 200-day moving average price of $3.06. The firm has a market capitalization of $63.76 million, a PE ratio of -3.88 and a beta of 1.20. The company has a current ratio of 1.52, a quick ratio of 0.30 and a debt-to-equity ratio of 0.34. Virco Mfg. has a 12-month low of $2.63 and a 12-month high of $4.17.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Shufro Rose & Co. LLC bought a new stake in Virco Mfg. during the 1st quarter valued at about $37,000. Wilen Investment Management CORP. purchased a new position in Virco Mfg. during the 1st quarter valued at about $67,000. Wedbush Securities Inc. increased its position in Virco Mfg. by 119.5% during the 1st quarter. Wedbush Securities Inc. now owns 49,600 shares of the company’s stock valued at $148,000 after purchasing an additional 27,000 shares during the period. Vanguard Group Inc. increased its position in Virco Mfg. by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 195,140 shares of the company’s stock valued at $583,000 after purchasing an additional 4,333 shares during the period. Finally, Minerva Advisors LLC increased its position in Virco Mfg. by 1.9% during the 4th quarter. Minerva Advisors LLC now owns 875,628 shares of the company’s stock valued at $2,626,000 after purchasing an additional 16,182 shares during the period. Institutional investors own 19.24% of the company’s stock.
Virco Mfg. Company Profile (Get Rating)
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet armchairs with work surfaces and compact footprints, steel-frame and floor rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs.
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