Virco Manufacturing Corporation (VIRC) Receiving Somewhat Positive Press Coverage, Analysis Shows
News coverage about Virco Manufacturing Corporation (NASDAQ:VIRC) has trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Virco Manufacturing Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.7643997151863 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Virco Manufacturing Corporation (NASDAQ:VIRC) traded up 0.96% during midday trading on Friday, reaching $5.25. The company’s stock had a trading volume of 5,648 shares. Virco Manufacturing Corporation has a 1-year low of $3.55 and a 1-year high of $5.95. The stock has a 50 day moving average of $5.37 and a 200-day moving average of $4.62. The company has a market capitalization of $79.69 million, a P/E ratio of 3.40 and a beta of 0.09.
Virco Manufacturing Corporation (NASDAQ:VIRC) last announced its quarterly earnings results on Monday, June 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $23.24 million during the quarter. On average, equities research analysts anticipate that Virco Manufacturing Corporation will post $0.44 earnings per share for the current year.
A number of equities analysts recently issued reports on VIRC shares. TheStreet raised Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Virco Manufacturing Corporation from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Wednesday, July 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective (up previously from $5.00) on shares of Virco Manufacturing Corporation in a report on Wednesday, June 21st.
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About Virco Manufacturing Corporation
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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