Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Virco Manufacturing Corporation (VIRC) Share Price
Press coverage about Virco Manufacturing Corporation (NASDAQ:VIRC) has trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Virco Manufacturing Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.0973256679789 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Virco Manufacturing Corporation (VIRC) traded up 3.5105% during mid-day trading on Tuesday, hitting $5.9001. 9,200 shares of the stock were exchanged. The company has a 50 day moving average price of $5.70 and a 200 day moving average price of $5.14. The stock has a market cap of $90.61 million, a price-to-earnings ratio of 4.1667 and a beta of -0.03. Virco Manufacturing Corporation has a 52 week low of $3.55 and a 52 week high of $6.05.
Virco Manufacturing Corporation (NASDAQ:VIRC) last announced its earnings results on Thursday, September 14th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $72.64 million for the quarter, compared to the consensus estimate of $69.33 million. Virco Manufacturing Corporation had a return on equity of 6.68% and a net margin of 11.67%. Analysts expect that Virco Manufacturing Corporation will post $0.43 EPS for the current fiscal year.
A number of analysts have recently issued reports on VIRC shares. Zacks Investment Research upgraded shares of Virco Manufacturing Corporation from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Wednesday, July 5th. ValuEngine upgraded shares of Virco Manufacturing Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Wedbush reiterated an “ourperform” rating and set a $6.00 price objective on shares of Virco Manufacturing Corporation in a research note on Friday, September 15th.
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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