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Quiksilver (NYSE:ZQK) was downgraded by equities research analysts at Stifel from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Quiksilver (NYSE:ZQK) traded down 41.11% on Tuesday, hitting $3.41. 59,418,128 shares of the company’s stock traded hands. Quiksilver has a 1-year low of $4.81 and a 1-year high of $9.29. The stock’s 50-day moving average is $6.32 and its 200-day moving average is $7.49. The company’s market cap is $578.8 million. Quiksilver also was the target of unusually large options trading activity on Monday. Investors purchased 15,215 put options on the company. This represents an increase of approximately 1,517% compared to the typical volume of 941 put options.

Quiksilver (NYSE:ZQK) last issued its quarterly earnings data on Monday, June 2nd. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.13. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $448.60 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts predict that Quiksilver will post $0.07 earnings per share for the current fiscal year.

A number of other firms have also recently commented on ZQK. Analysts at Zacks downgraded shares of Quiksilver from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $5.50 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Quiksilver from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Finally, analysts at Goldman Sachs downgraded shares of Quiksilver from a “buy” rating to a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Quiksilver presently has a consensus rating of “Hold” and a consensus price target of $7.75.

Quiksilver, Inc is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.

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