Virco Mfg. (NASDAQ:VIRC) Stock Passes Above 200 Day Moving Average of $9.59

Shares of Virco Mfg. Co. (NASDAQ:VIRC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.59 and traded as high as $11.03. Virco Mfg. shares last traded at $11.00, with a volume of 86,101 shares.

Analyst Upgrades and Downgrades

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

Virco Mfg. Trading Up 3.0 %

The stock has a market cap of $179.85 million, a PE ratio of 8.21 and a beta of 0.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.80 and a current ratio of 2.31. The company’s 50-day moving average price is $10.39 and its 200 day moving average price is $9.59.

Virco Mfg. (NASDAQ:VIRC) last released its quarterly earnings results on Friday, April 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $40.70 million. Virco Mfg. had a net margin of 8.14% and a return on equity of 26.24%. On average, sell-side analysts forecast that Virco Mfg. Co. will post 1.6 EPS for the current fiscal year.

Virco Mfg. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 7th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 6th. Virco Mfg.’s payout ratio is 5.97%.

Hedge Funds Weigh In On Virco Mfg.

Institutional investors have recently modified their holdings of the business. Minerva Advisors LLC grew its stake in shares of Virco Mfg. by 12.2% in the third 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 in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Virco Mfg. in the fourth quarter worth $309,000. Barclays PLC acquired a new position in shares of Virco Mfg. in the third quarter worth $74,000. EAM Investors LLC acquired a new position in shares of Virco Mfg. in the third quarter worth $1,479,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Virco Mfg. in the third quarter worth $146,000. Institutional investors and hedge funds own 30.97% of the company’s stock.

Virco Mfg. Company Profile

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.