Black Box Co. (NASDAQ:BBOX) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $10.00 for the company, according to Zacks. Zacks has also given Black Box an industry rank of 33 out of 265 based on the ratings given to related companies.

In other news, insider Joel T. Trammell bought 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $3.95 per share, with a total value of $177,750.00. Following the completion of the purchase, the insider now directly owns 77,320 shares of the company’s stock, valued at approximately $305,414. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BBOX. Foundry Partners LLC boosted its position in shares of Black Box by 53.9% in the 3rd quarter. Foundry Partners LLC now owns 505,152 shares of the technology company’s stock valued at $1,642,000 after purchasing an additional 176,998 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Black Box in the 3rd quarter valued at $341,000. OxFORD Asset Management LLP acquired a new position in shares of Black Box in the 2nd quarter valued at $839,000. Menta Capital LLC boosted its position in shares of Black Box by 232.8% in the 2nd quarter. Menta Capital LLC now owns 129,479 shares of the technology company’s stock valued at $1,107,000 after purchasing an additional 90,573 shares during the period. Finally, Susquehanna International Group LLP boosted its position in shares of Black Box by 753.7% in the 2nd quarter. Susquehanna International Group LLP now owns 71,250 shares of the technology company’s stock valued at $609,000 after purchasing an additional 82,150 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.

Shares of Black Box (NASDAQ BBOX) traded up $0.02 during mid-day trading on Friday, reaching $3.70. The company had a trading volume of 108,700 shares, compared to its average volume of 160,125. Black Box has a fifty-two week low of $2.85 and a fifty-two week high of $14.85. The company has a market capitalization of $55.93, a PE ratio of -2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.67 and a quick ratio of 1.52.

Black Box (NASDAQ:BBOX) last announced its earnings results on Tuesday, October 31st. The technology company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.01. Black Box had a negative return on equity of 2.71% and a negative net margin of 2.69%. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $193.85 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis.

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Black Box Company Profile

Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.

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