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Shares of Skullcandy (NASDAQ:SKUL) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Stock Ratings Network.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $8.46.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Skullcandy from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $8.20 price target on the stock. Separately, 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. Finally, 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 (NASDAQ:SKUL) traded up 0.14% on Monday, hitting $7.40. 52,453 shares of the company’s stock traded hands. 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 $7.38 and its 200-day moving average is $7.. The company has a market cap of $207.5 million and a price-to-earnings ratio of 74.65.

Skullcandy (NASDAQ:SKUL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.05. The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $53.91 million. Skullcandy’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Skullcandy will post $0.21 earnings per share for the current fiscal year.

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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