Virco Mfg. (NASDAQ:VIRC) issued its quarterly earnings data on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.07), Fidelity Earnings reports. Virco Mfg. had a return on equity of 1.30% and a net margin of 0.41%.
Shares of NASDAQ:VIRC opened at $2.05 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 0.26 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $32.21 million, a PE ratio of 41.01 and a beta of 1.22. Virco Mfg. has a 1 year low of $1.82 and a 1 year high of $4.50. The firm has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.55.
In other Virco Mfg. news, Director Donald R. Rudkin sold 33,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $2.23, for a total transaction of $73,590.00. Following the completion of the transaction, the director now owns 19,028 shares of the company’s stock, valued at approximately $42,432.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert A. Virtue purchased 16,500 shares of the stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $2.23 per share, for a total transaction of $36,795.00. Following the completion of the transaction, the chief executive officer now owns 483,025 shares of the company’s stock, valued at approximately $1,077,145.75. The disclosure for this purchase can be found here. 18.67% of the stock is owned by company insiders.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Virco Mfg. from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 4th. ValuEngine upgraded shares of Virco Mfg. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 17th.
Virco Mfg. Company Profile
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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