Virco Mfg. (NASDAQ:VIRC) Stock Price Passes Above Two Hundred Day Moving Average of $9.59

Virco Mfg. Co. (NASDAQ:VIRC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.59 and traded as high as $11.03. Virco Mfg. shares last traded at $11.00, with a volume of 86,101 shares traded.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Virco Mfg. from a “c” rating to a “b” rating in a research report on Wednesday, February 14th.

Virco Mfg. Stock Down 0.1 %

The firm’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $9.61. The company has a market cap of $179.69 million, a P/E ratio of 8.20 and a beta of 0.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 2.31.

Virco Mfg. (NASDAQ:VIRC) last issued its earnings results on Friday, April 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $42.60 million for the quarter, compared to the consensus estimate of $40.70 million. Virco Mfg. had a net margin of 8.14% and a return on equity of 26.24%. On average, research analysts forecast that Virco Mfg. Co. will post 1.6 earnings per share for the current fiscal year.

Virco Mfg. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 7th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Wednesday, March 6th. Virco Mfg.’s payout ratio is 5.97%.

Institutional Trading of Virco Mfg.

Large investors have recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of Virco Mfg. in the 3rd quarter valued at $74,000. Russell Investments Group Ltd. bought a new stake in shares of Virco Mfg. in the 4th quarter valued at $160,000. Merit Financial Group LLC increased its position in shares of Virco Mfg. by 27.7% in the 3rd quarter. Merit Financial Group LLC now owns 13,176 shares of the company’s stock valued at $105,000 after buying an additional 2,859 shares in the last quarter. Heron Bay Capital Management bought a new stake in shares of Virco Mfg. in the 4th quarter valued at $177,000. Finally, Bailard Inc. acquired a new position in Virco Mfg. in the 4th quarter worth $190,000. Institutional investors own 30.97% of the company’s stock.

Virco Mfg. Company Profile

Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.