Zacks Investment Research upgraded shares of Virco Manufacturing Corporation (NASDAQ:VIRC) from a hold rating to a buy rating in a report published on Wednesday, July 5th. Zacks Investment Research currently has $6.00 price objective on the stock.

According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “

Other analysts also recently issued research reports about the company. TheStreet raised Virco Manufacturing Corporation from a c+ rating to a b rating in a research note on Thursday, June 22nd. Wedbush reaffirmed an outperform rating and issued a $6.00 price objective (up previously from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st.

Shares of Virco Manufacturing Corporation (NASDAQ VIRC) remained flat at $5.45 on Wednesday. 2,855 shares of the company were exchanged. The stock has a 50 day moving average price of $5.26 and a 200 day moving average price of $4.47. The firm has a market capitalization of $82.73 million, a price-to-earnings ratio of 3.53 and a beta of 0.09. Virco Manufacturing Corporation has a one year low of $3.55 and a one year high of $5.95.

Virco Manufacturing Corporation (NASDAQ:VIRC) last released its quarterly earnings data on Monday, June 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.02. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. The firm had revenue of $23.24 million during the quarter. On average, equities analysts expect that Virco Manufacturing Corporation will post $0.44 earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Virco Manufacturing Corporation stock. Minerva Advisors LLC increased its stake in shares of Virco Manufacturing Corporation (NASDAQ:VIRC) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,054,426 shares of the company’s stock after buying an additional 5,178 shares during the period. Virco Manufacturing Corporation comprises approximately 2.2% of Minerva Advisors LLC’s holdings, making the stock its 15th largest position. Minerva Advisors LLC’s holdings in Virco Manufacturing Corporation were worth $4,165,000 as of its most recent filing with the SEC. 27.44% of the stock is owned by institutional investors and hedge funds.

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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