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Quiksilver (NYSE:ZQK) was downgraded by equities researchers at Credit Suisse to a “neutral” rating in a research report issued on Tuesday.

A number of other analysts have also recently weighed in on ZQK. Analysts at Goldman Sachs downgraded shares of Quiksilver from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Citigroup Inc. downgraded shares of Quiksilver from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, analysts at Monness Crespi & Hardt downgraded shares of Quiksilver from a “buy” rating to a “neutral” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Quiksilver has a consensus rating of “Hold” and a consensus target price of $8.02.

Shares of Quiksilver (NYSE:ZQK) traded down 38.34% during mid-day trading on Tuesday, hitting $3.57. The stock had a trading volume of 36,937,760 shares. Quiksilver has a one year low of $4.81 and a one 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 $606.0 million. Quiksilver also was the recipient of some unusual options trading on Monday. Stock traders acquired 15,215 put options on the company. This is an increase of 1,517% compared to the average daily 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 last year, the company posted ($0.12) earnings per share. Quiksilver’s revenue was down 10.5% compared to the same quarter last year. Analysts expect that Quiksilver will post $0.07 EPS for the current fiscal year.

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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