ZAGG Hits New 12-Month High at $5.96 (ZAGG)
ZAGG (NASDAQ:ZAGG) hit a new 52-week high during mid-day trading on Thursday , AmericanBankingNews.com reports. The company traded as high as $5.96 and last traded at $5.85, with a volume of 433,947 shares traded. The stock had previously closed at $5.81.
Separately, analysts at Zacks upgraded shares of ZAGG from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $6.20 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $5.74.
The stock has a 50-day moving average of $4.76 and a 200-day moving average of $4.47. The company has a market cap of $177.6 million and a P/E ratio of 38.73.
ZAGG (NASDAQ:ZAGG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $49.00 million for the quarter, compared to the consensus estimate of $42.64 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts predict that ZAGG will post $0.28 earnings per share for the current fiscal year.
ZAGG Inc (NASDAQ:ZAGG), formerly ZAGG Incorporated, designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGskins, ZAGGbuds, ZAGGsparq, ZAGGmate, ZAGGfolio, ZAGGkeys, iFrogz and Earpollution.
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