Virco Manufacturing Corporation (NASDAQ:VIRC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

A number of other equities research analysts also recently commented on VIRC. TheStreet upgraded Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a research report on Thursday, June 22nd. ValuEngine cut Virco Manufacturing Corporation from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $6.00 target price (up from $5.00) on shares of Virco Manufacturing Corporation in a research report on Wednesday, June 21st.

Virco Manufacturing Corporation (VIRC) opened at 5.55 on Tuesday. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $4.86. The stock has a market capitalization of $85.23 million, a PE ratio of 3.92 and a beta of -0.03. Virco Manufacturing Corporation has a one year low of $3.55 and a one year high of $6.05.

Virco Manufacturing Corporation (NASDAQ:VIRC) last announced its quarterly earnings results on Thursday, September 14th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Virco Manufacturing Corporation had a return on equity of 6.68% and a net margin of 11.67%. The company had revenue of $72.64 million during the quarter, compared to analysts’ expectations of $69.33 million. Analysts expect that Virco Manufacturing Corporation will post $0.43 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at

A hedge fund recently raised its stake in Virco Manufacturing Corporation stock. D.A. Davidson & CO. raised its stake in shares of Virco Manufacturing Corporation (NASDAQ:VIRC) by 50.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,723 shares of the company’s stock after purchasing an additional 83,250 shares during the period. D.A. Davidson & CO. owned 1.63% of Virco Manufacturing Corporation worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.43% of the stock is currently 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.

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.