Renaissance Technologies LLC increased its position in Virco Mfg. Co. (NASDAQ:VIRC) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,600 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Renaissance Technologies LLC owned approximately 1.23% of Virco Mfg. worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of research firms have weighed in on VIRC. ValuEngine upgraded Virco Mfg. from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research upgraded Virco Mfg. from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
In related news, insider Bassey Yau sold 12,387 shares of Virco Mfg. stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $49,671.87. Following the sale, the insider now directly owns 8,146 shares in the company, valued at approximately $32,665.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 35,840 shares of company stock worth $140,248. 18.02% of the stock is currently owned by insiders.
NASDAQ:VIRC opened at $3.94 on Friday. Virco Mfg. Co. has a 52 week low of $3.30 and a 52 week high of $5.00. The company has a quick ratio of 0.65, a current ratio of 1.50 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $61.75 million, a PE ratio of -39.40 and a beta of 0.71. The stock’s 50-day moving average price is $3.95 and its 200-day moving average price is $4.22.
Virco Mfg. (NASDAQ:VIRC) last posted its earnings results on Friday, September 13th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.15. Virco Mfg. had a negative return on equity of 1.22% and a negative net margin of 0.36%. The firm had revenue of $70.36 million for the quarter, compared to analysts’ expectations of $71.80 million. Sell-side analysts expect that Virco Mfg. Co. will post -0.06 earnings per share for the current fiscal year.
Virco Mfg. 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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