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Shares of Skullcandy (NASDAQ:SKUL) have been given an average rating of “Hold” by the ten analysts that are currently covering the company, StockRatingsNetwork reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8.50.

Skullcandy (NASDAQ:SKUL) opened at 7.62 on Friday. Skullcandy has a 52-week low of $4.90 and a 52-week high of $11.40. The stock’s 50-day moving average is $7.52 and its 200-day moving average is $7.72. The company has a market cap of $213.4 million and a P/E ratio of 401.05.

Skullcandy (NASDAQ:SKUL) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.05. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $39.23 million. During the same quarter last year, the company posted ($0.23) earnings per share. Skullcandy’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Skullcandy will post $0.19 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on SKUL shares. Analysts at Piper Jaffray upgraded shares of Skullcandy from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $7.50 price target on the stock. Analysts at CRT Capital initiated coverage on shares of Skullcandy in a research note on Wednesday, May 14th. They set a “fair value” rating and a $8.00 price target on the stock.

Skullcandy, Inc is a designer, marketer and distributor of performance audio and gaming headphones and other accessory related products under the Skullcandy, Astro Gaming and 2XL by Skullcandy brands.

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