Insider Buying: Michael Anthony Digregorio Purchases 9,967 Shares of Virco Mfg. Stock (VIRC)
Virco Mfg. (NASDAQ:VIRC) Director Michael Anthony Digregorio purchased 9,967 shares of Virco Mfg. stock on the open market in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $2.50 per share, for a total transaction of $24,917.50. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $50,000. The transaction was disclosed in a filing with the SEC, which is available at this link.
Virco Mfg. (NASDAQ:VIRC) remained flat at $2.65 during trading on Monday. The stock had a trading volume of 7,909 shares. Virco Mfg. has a 1-year low of $1.98 and a 1-year high of $2.80. The stock’s 50-day moving average is $2.14 and its 200-day moving average is $2.35. The company’s market cap is $39.0 million.
Virco Mfg. (NASDAQ:VIRC) last issued its quarterly earnings data on Monday, June 16th. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.27) by $0.01. The company had revenue of $23.53 million for the quarter, compared to the consensus estimate of $19.69 million. On average, analysts predict that Virco Mfg. will post $0.08 earnings per share for the current fiscal year.
Virco Mfg. Corporation (NASDAQ:VIRC) manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables.
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