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Quiksilver (NYSE:ZQK) shot up 7.8% during mid-day trading on Friday following insider buying activity, Analyst Ratings reports. The company traded as high as $3.65 and last traded at $3.61, with a volume of 3,674,311 shares trading hands. The stock had previously closed at $3.35.

Specifically, CFO Richard J. Shields purchased 100,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $3.38 per share, with a total value of $338,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

ZQK has been the subject of a number of recent research reports. Analysts at DA Davidson cut their price target on shares of Quiksilver from $10.00 to $5.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel downgraded shares of Quiksilver from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Quiksilver has a consensus rating of “Hold” and an average target price of $7.36.

The stock’s 50-day moving average is $5.99 and its 200-day moving average is $7.36. The company’s market cap is $624.7 million. Quiksilver also saw unusually large options trading activity on Tuesday. Stock investors bought 15,666 call options on the company. This is an increase of 1,353% compared to the average volume of 1,078 call options.

Quiksilver (NYSE:ZQK) last issued its quarterly earnings data on Monday, June 2nd. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Quiksilver will post $-0.14 earnings per share 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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