Virco Mfg. (NASDAQ:VIRC) Shares Pass Above 200-Day Moving Average of $9.46

Virco Mfg. Co. (NASDAQ:VIRC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.46 and traded as high as $10.95. Virco Mfg. shares last traded at $10.32, with a volume of 177,117 shares changing hands.

Analyst Ratings Changes

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

Virco Mfg. Trading Down 1.7 %

The company has a quick ratio of 0.96, a current ratio of 2.31 and a debt-to-equity ratio of 0.05. The company has a market cap of $168.73 million, a price-to-earnings ratio of 7.70 and a beta of 0.68. The business has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $9.46.

Virco Mfg. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, March 6th. Virco Mfg.’s dividend payout ratio is currently 5.97%.

Institutional Investors Weigh In On Virco Mfg.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Minerva Advisors LLC grew its holdings in shares of Virco Mfg. by 12.2% in the 3rd quarter. Minerva Advisors LLC now owns 1,079,874 shares of the company’s stock worth $8,541,000 after acquiring an additional 117,662 shares during the period. Dimensional Fund Advisors LP grew its holdings in Virco Mfg. by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 438,627 shares of the company’s stock valued at $5,277,000 after purchasing an additional 39,399 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Virco Mfg. by 43.2% in the fourth quarter. Vanguard Group Inc. now owns 267,852 shares of the company’s stock valued at $3,222,000 after buying an additional 80,784 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Virco Mfg. by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 213,364 shares of the company’s stock worth $890,000 after buying an additional 14,034 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Virco Mfg. in the 3rd quarter worth about $1,479,000. 30.97% of the stock is currently owned by institutional investors and hedge funds.

Virco Mfg. Company Profile

Virco Mfg. Corporation designs, produces, and distributes furniture in the United States. It 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.