Press coverage about Virco Manufacturing Corporation (NASDAQ:VIRC) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Virco Manufacturing Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.9279547880675 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
VIRC has been the subject of several analyst reports. Zacks Investment Research lowered Virco Manufacturing Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective (up from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st. Finally, TheStreet raised Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a research note on Thursday, June 22nd.
Shares of Virco Manufacturing Corporation (NASDAQ:VIRC) traded down 1.82% during midday trading on Tuesday, hitting $5.40. The company had a trading volume of 6,237 shares. The company has a 50-day moving average of $5.30 and a 200-day moving average of $4.49. The company has a market capitalization of $81.97 million, a PE ratio of 3.50 and a beta of 0.09. Virco Manufacturing Corporation has a 12 month low of $3.55 and a 12 month high of $5.95.
Virco Manufacturing Corporation (NASDAQ:VIRC) last posted its quarterly earnings results on Monday, June 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.02. Virco Manufacturing Corporation had a net margin of 13.47% and a return on equity of 10.87%. The company had revenue of $23.24 million during the quarter. Analysts predict that Virco Manufacturing Corporation will post $0.44 earnings per share for the current year.
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Virco Manufacturing Corporation Company Profile
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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