Zagg (NASDAQ:ZAGG) Shares Cross Above 200 Day Moving Average of $6.82

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Zagg Inc (NASDAQ:ZAGG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.82 and traded as high as $8.02. Zagg shares last traded at $7.97, with a volume of 717,177 shares trading hands.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. ValuEngine upgraded Zagg from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The company has a market cap of $223.09 million, a PE ratio of 5.52, a PEG ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.77, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $7.79 and a 200 day moving average price of $6.82.

Zagg (NASDAQ:ZAGG) last released its earnings results on Wednesday, November 6th. The specialty retailer reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The company had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $142.06 million. Zagg had a return on equity of 8.20% and a net margin of 0.65%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities analysts expect that Zagg Inc will post 0.8 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in ZAGG. Tower Research Capital LLC TRC raised its stake in Zagg by 540.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,472 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 3,774 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Zagg during the second quarter valued at $172,000. D.A. Davidson & CO. raised its stake in Zagg by 86.3% during the second quarter. D.A. Davidson & CO. now owns 26,504 shares of the specialty retailer’s stock valued at $184,000 after buying an additional 12,279 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Zagg by 21.0% during the third quarter. Envestnet Asset Management Inc. now owns 39,614 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 6,862 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Zagg by 8.5% during the third quarter. Rhumbline Advisers now owns 43,609 shares of the specialty retailer’s stock valued at $273,000 after buying an additional 3,423 shares during the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.

Zagg Company Profile (NASDAQ:ZAGG)

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.

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