Geeknet Sets New 12-Month Low at $11.23 (GKNT)
Geeknet (NASDAQ:GKNT)’s share price reached a new 52-week low on Wednesday , AnalystRatings.NET reports. The stock traded as low as $11.23 and last traded at $11.25, with a volume of 15,813 shares. The stock had previously closed at $11.52.
Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of Geeknet in a research note on Monday, August 4th. They now have a $17.00 price target on the stock, down previously from $18.00.
The stock’s 50-day moving average is $12.06 and its 200-day moving average is $13.71. The company’s market cap is $75.5 million.
Geeknet (NASDAQ:GKNT) last issued its quarterly earnings data on Friday, August 1st. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.36. The company had revenue of $23.40 million for the quarter, compared to the consensus estimate of $24.87 million. On average, analysts predict that Geeknet will post $-0.48 earnings per share for the current fiscal year.
In other Geeknet news, Director Kenneth G. Langone purchased 2,161 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were purchased at an average cost of $12.17 per share, with a total value of $26,299.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Geeknet, Inc (NASDAQ:GKNT) is an online network for the global geek community, which is consisted of technology enthusiasts and general consumers of geek-themed, technology-oriented and culture goods.
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