Turtle Beach Corporation (NASDAQ:HEAR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $0.46 and last traded at $0.50, with a volume of 112600 shares traded. The stock had previously closed at $0.50.

HEAR has been the subject of a number of analyst reports. ValuEngine downgraded shares of Turtle Beach from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Turtle Beach from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.

The company has a debt-to-equity ratio of -0.74, a current ratio of 1.06 and a quick ratio of 0.42.

Turtle Beach (NASDAQ:HEAR) last issued its earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $35.98 million during the quarter, compared to the consensus estimate of $39.85 million. analysts anticipate that Turtle Beach Corporation will post -0.06 earnings per share for the current year.

In related news, insider Frederick J. Romano sold 56,792 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $0.80, for a total value of $45,433.60. Following the transaction, the insider now directly owns 4,702,725 shares of the company’s stock, valued at approximately $3,762,180. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Juergen M. Stark acquired 83,333 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $0.54 per share, for a total transaction of $44,999.82. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 1,378,666 shares of company stock valued at $1,018,933. 74.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in shares of Turtle Beach during the 3rd quarter worth $116,000. Virtu KCG Holdings LLC purchased a new position in shares of Turtle Beach in the second quarter worth about $107,000. Perkins Capital Management Inc. raised its stake in shares of Turtle Beach by 19.0% in the third quarter. Perkins Capital Management Inc. now owns 626,359 shares of the communications equipment provider’s stock worth $520,000 after purchasing an additional 100,059 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Turtle Beach in the second quarter worth about $3,310,000. 16.33% of the stock is currently owned by institutional investors.

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Turtle Beach Company Profile

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.

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