ValuEngine Upgrades Virco Manufacturing Corporation (VIRC) to Buy
ValuEngine upgraded shares of Virco Manufacturing Corporation (NASDAQ:VIRC) from a hold rating to a buy rating in a research report sent to investors on Friday.
Several other analysts also recently issued reports on VIRC. Zacks Investment Research downgraded Virco Manufacturing Corporation from a buy rating to a hold rating in a research note on Thursday, July 13th. Wedbush restated an outperform rating and issued a $6.00 price target (up from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st. Finally, TheStreet upgraded Virco Manufacturing Corporation from a c+ rating to a b rating in a research note on Thursday, June 22nd.
Virco Manufacturing Corporation (VIRC) opened at 5.25 on Friday. The company has a market capitalization of $79.69 million, a PE ratio of 3.40 and a beta of 0.12. Virco Manufacturing Corporation has a 12 month low of $3.55 and a 12 month high of $5.95. The company has a 50-day moving average price of $5.37 and a 200 day moving average price of $4.63.
Virco Manufacturing Corporation (NASDAQ:VIRC) last posted its earnings results on Monday, June 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $23.24 million for the quarter. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. On average, equities research analysts forecast that Virco Manufacturing Corporation will post $0.44 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “ValuEngine Upgrades Virco Manufacturing Corporation (VIRC) to Buy” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/05/valuengine-upgrades-virco-manufacturing-corporation-virc-to-buy.html.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in Virco Manufacturing Corporation by 6.0% in the 2nd quarter. Northern Trust Corp now owns 31,298 shares of the company’s stock valued at $167,000 after purchasing an additional 1,760 shares during the period. D.A. Davidson & CO. boosted its stake in Virco Manufacturing Corporation by 50.9% in the 2nd quarter. D.A. Davidson & CO. now owns 246,723 shares of the company’s stock valued at $1,319,000 after purchasing an additional 83,250 shares during the period. Finally, Minerva Advisors LLC boosted its stake in Virco Manufacturing Corporation by 0.5% in the 1st quarter. Minerva Advisors LLC now owns 1,054,426 shares of the company’s stock valued at $4,165,000 after purchasing an additional 5,178 shares during the period. Institutional investors and hedge funds own 27.74% of the company’s stock.
Virco Manufacturing Corporation Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for Virco Manufacturing Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virco Manufacturing Corporation and related stocks with our FREE daily email newsletter.