Virco Mfg. Co. (NASDAQ:VIRC – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.59 and traded as high as $11.03. Virco Mfg. shares last traded at $11.00, with a volume of 86,101 shares traded.
Analysts Set New Price Targets
Separately, TheStreet upgraded shares of Virco Mfg. from a “c” rating to a “b” rating in a research note on Wednesday, February 14th.
Check Out Our Latest Report on VIRC
Virco Mfg. Stock Performance
Virco Mfg. (NASDAQ:VIRC – Get Free Report) last posted its earnings results on Friday, April 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Virco Mfg. had a net margin of 8.14% and a return on equity of 26.24%. The business had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $40.70 million. As a group, research analysts predict that Virco Mfg. Co. will post 1.6 EPS for the current fiscal year.
Virco Mfg. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Wednesday, March 6th. Virco Mfg.’s dividend payout ratio is currently 5.97%.
Institutional Trading of Virco Mfg.
Several hedge funds have recently modified their holdings of the company. Merit Financial Group LLC raised its position in shares of Virco Mfg. by 27.7% in the 3rd quarter. Merit Financial Group LLC now owns 13,176 shares of the company’s stock valued at $105,000 after purchasing an additional 2,859 shares during the last quarter. Barclays PLC acquired a new stake in Virco Mfg. in the 3rd quarter valued at $74,000. Russell Investments Group Ltd. acquired a new stake in Virco Mfg. in the 4th quarter valued at $160,000. Heron Bay Capital Management acquired a new stake in Virco Mfg. in the 4th quarter valued at $177,000. Finally, Bailard Inc. purchased a new position in Virco Mfg. in the 4th quarter valued at $190,000. 30.97% of the stock is owned by hedge funds and other institutional investors.
Virco Mfg. Company Profile
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.
Read More
- Five stocks we like better than Virco Mfg.
- Canada Bond Market Holiday: How to Invest and Trade
- Hasbro’s Management Made All the Right Calls This Quarter
- Stock Average Calculator
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Stock Market Sectors: What Are They and How Many Are There?
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Virco Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virco Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.