RadioShack Corp. Stock Rating Reaffirmed by B. Riley (RSH)
RadioShack Corp. (NYSE:RSH) opened at 1.368 on Wednesday. RadioShack Corp. has a 1-year low of $1.12 and a 1-year high of $4.36. The stock’s 50-day moving average is $1.36 and its 200-day moving average is $2.13. The company’s market cap is $137.3 million. RadioShack Corp. also saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 31,885,537 shares, a decrease of 7.5% from the April 30th total of 34,482,023 shares. Currently, 31.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,382,755 shares, the days-to-cover ratio is presently 13.4 days.
RadioShack Corp. (NYSE:RSH) last announced its earnings results on Tuesday, June 10th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by $0.46. The company had revenue of $736.70 million for the quarter, compared to the consensus estimate of $764.31 million. During the same quarter in the previous year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. Analysts expect that RadioShack Corp. will post $-2.27 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of RadioShack Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 15th. They now have a $1.75 price target on the stock. Analysts at BTIG Research initiated coverage on shares of RadioShack Corp. in a research note on Friday, March 14th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $1.56.
RadioShack Corporation (NYSE:RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain.
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