Geeknet Reaches New 12-Month Low at $10.31 (GKNT)
Geeknet (NASDAQ:GKNT)’s share price hit a new 52-week low during trading on Tuesday , AmericanBankingNews.com reports. The stock traded as low as $10.31 and last traded at $10.33, with a volume of 42,044 shares changing hands. The stock had previously closed at $11.05.
GKNT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Geeknet from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 28th. They now have a $10.70 price target on the stock. 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 has a 50-day moving average of $11.78 and a 200-day moving average of $13.27. The company’s market cap is $70.8 million.
Geeknet (NASDAQ:GKNT) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.62) earnings per share for the quarter, missing the analysts’ 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.
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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