Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Virco Mfg. (VIRC) Share Price
Press coverage about Virco Mfg. (NASDAQ:VIRC) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virco Mfg. earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 44.6857529516439 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
NASDAQ VIRC remained flat at $$4.80 during trading hours on Friday. 12,279 shares of the company traded hands, compared to its average volume of 9,296. The stock has a market capitalization of $73.72 million, a PE ratio of -22.86 and a beta of 0.14. Virco Mfg. has a 52-week low of $3.95 and a 52-week high of $6.05. The company has a quick ratio of 0.30, a current ratio of 1.51 and a debt-to-equity ratio of 0.25.
Virco Mfg. (NASDAQ:VIRC) last posted its quarterly earnings results on Friday, June 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.07). The firm had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $25.30 million. Virco Mfg. had a negative return on equity of 7.55% and a negative net margin of 2.42%. equities research analysts predict that Virco Mfg. will post 0.36 earnings per share for the current year.
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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