Virco Manufacturing Corporation (NASDAQ: VIRC) has recently received a number of price target changes and ratings updates:

  • 7/13/2017 – Virco Manufacturing Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “
  • 7/5/2017 – Virco Manufacturing Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.00 price target on the stock. According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “
  • 6/30/2017 – Virco Manufacturing Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “
  • 6/29/2017 – Virco Manufacturing Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.00 price target on the stock. According to Zacks, “Virco Mfg. Corporation designs, produces, and distributes quality furniture for the contract and education markets worldwide. Examples of facilities served by Virco include public and private schools, colleges and universities, convention centers, federal and state institutions, churches and other businesses. They also sell to wholesalers, distributors, retailers and catalog retailers. In order to divide the workload into manageable amounts, Virco has divided the sales force into two groups: Education and Commercial. “
  • 6/22/2017 – Virco Manufacturing Corporation was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 6/21/2017 – Virco Manufacturing Corporation had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $6.00 price target on the stock, up previously from $5.00.

Virco Manufacturing Corporation (NASDAQ VIRC) opened at 5.25 on Monday. Virco Manufacturing Corporation has a 1-year low of $3.55 and a 1-year high of $5.40. The stock’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.26. The company has a market cap of $79.69 million, a PE ratio of 3.40 and a beta of 0.09.

Virco Manufacturing Corporation (NASDAQ:VIRC) last announced its quarterly earnings results on Monday, June 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $23.24 million for the quarter. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. On average, analysts forecast that Virco Manufacturing Corporation will post $0.44 earnings per share for the current year.

Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.

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