Virco Mfg. (NASDAQ:VIRC) Lifted to “C-” at TheStreet

TheStreet upgraded shares of Virco Mfg. (NASDAQ:VIRCGet Rating) from a d+ rating to a c- rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Separately, Wedbush set a $8.00 target price on shares of Virco Mfg. in a report on Monday, June 20th.

Virco Mfg. Stock Performance

NASDAQ:VIRC opened at $4.80 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.30 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $4.13 and a two-hundred day moving average price of $3.49. Virco Mfg. has a twelve month low of $2.63 and a twelve month high of $5.00. The company has a market capitalization of $77.81 million, a P/E ratio of -7.27 and a beta of 0.98.

Institutional Investors Weigh In On Virco Mfg.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Virco Mfg. by 2.3% in the first quarter. Vanguard Group Inc. now owns 195,140 shares of the company’s stock worth $583,000 after acquiring an additional 4,333 shares during the last quarter. Jane Street Group LLC acquired a new position in Virco Mfg. during the second quarter valued at approximately $57,000. D.A. Davidson & CO. lifted its position in Virco Mfg. by 0.5% during the second quarter. D.A. Davidson & CO. now owns 821,149 shares of the company’s stock valued at $3,161,000 after buying an additional 4,345 shares in the last quarter. Shufro Rose & Co. LLC acquired a new position in Virco Mfg. during the first quarter valued at approximately $37,000. Finally, Wilen Investment Management CORP. purchased a new stake in shares of Virco Mfg. during the first quarter valued at approximately $67,000. 19.30% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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