RadioShack Given Average Recommendation of “Hold” by Analysts (NYSE:RSH)
RadioShack (NYSE:RSH) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, AmericanBankingNews.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $1.56.
RadioShack (NYSE:RSH) traded down 9.54% on Thursday, hitting $1.1579. The stock had a trading volume of 2,930,146 shares. RadioShack has a one year low of $1.12 and a one 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 $116.5 million. RadioShack also was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 31,885,537 shares, a decline of 7.5% from the April 30th total of 34,482,023 shares. Based on an average trading volume of 2,382,755 shares, the days-to-cover ratio is presently 13.4 days. Currently, 31.9% of the shares of the company are short sold.
RadioShack (NYSE:RSH) last released its earnings data on Tuesday, June 10th. The company reported ($0.97) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.35) earnings per share. RadioShack’s revenue was down 13.2% compared to the same quarter last year. On average, analysts predict that RadioShack will post $-2.69 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RSH shares. Analysts at Wed reiterated a “buy” rating on shares of RadioShack in a research note on Wednesday. Separately, analysts at B. Riley reiterated a “sell” rating on shares of RadioShack in a research note on Wednesday. Finally, analysts at Zacks downgraded shares of RadioShack 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.
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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