Virco Mfg. (NASDAQ:VIRC - Get Free Report) posted its earnings results on Friday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.18, RTT News reports. The firm had revenue of $33.75 million during the quarter, compared to analyst estimates of $41.10 million. Virco Mfg. had a net margin of 8.93% and a return on equity of 24.63%. During the same period in the previous year, the firm earned $0.13 EPS.
Virco Mfg. Stock Performance
Shares of NASDAQ:VIRC traded up $0.17 during trading on Friday, reaching $8.38. The company had a trading volume of 138,820 shares, compared to its average volume of 182,263. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.88 and a quick ratio of 1.70. The stock's fifty day moving average price is $9.02 and its 200 day moving average price is $10.58. Virco Mfg. has a fifty-two week low of $8.00 and a fifty-two week high of $18.50. The firm has a market capitalization of $134.81 million, a price-to-earnings ratio of 5.41 and a beta of 0.34.
Institutional Investors Weigh In On Virco Mfg.
Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Virco Mfg. by 25.7% during the 1st quarter. AQR Capital Management LLC now owns 317,915 shares of the company's stock worth $3,007,000 after purchasing an additional 64,944 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Virco Mfg. in the 1st quarter valued at approximately $186,000. Goldman Sachs Group Inc. raised its position in shares of Virco Mfg. by 9.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 62,829 shares of the company's stock valued at $594,000 after purchasing an additional 5,436 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Virco Mfg. in the 1st quarter valued at approximately $258,000. Institutional investors and hedge funds own 30.97% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Virco Mfg. from a "buy" rating to a "hold" rating in a research report on Tuesday, April 22nd.
Check Out Our Latest Stock Analysis on Virco Mfg.
About Virco Mfg.
(
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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.
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