Virco Mfg. (NASDAQ:VIRC) Share Price Passes Above 200 Day Moving Average of $9.32

Virco Mfg. Co. (NASDAQ:VIRC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.32 and traded as high as $12.00. Virco Mfg. shares last traded at $11.67, with a volume of 98,014 shares traded.

Analyst Upgrades and Downgrades

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

Virco Mfg. Trading Down 2.7 %

The firm has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $9.32. The company has a quick ratio of 0.96, a current ratio of 2.37 and a debt-to-equity ratio of 0.08. The stock has a market cap of $190.77 million, a PE ratio of 6.75 and a beta of 0.68.

Virco Mfg. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 7th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.69%. Virco Mfg.’s dividend payout ratio (DPR) is 4.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings 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 worth $3,222,000 after buying an additional 80,784 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Virco Mfg. during the 4th quarter worth approximately $331,000. Barclays PLC lifted its stake in Virco Mfg. by 40.3% in the 4th quarter. Barclays PLC now owns 13,032 shares of the company’s stock worth $157,000 after purchasing an additional 3,743 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Virco Mfg. by 23.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 53,400 shares of the company’s stock valued at $642,000 after purchasing an additional 10,000 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Virco Mfg. by 549,900.0% in the 4th quarter. Royal Bank of Canada now owns 11,000 shares of the company’s stock valued at $132,000 after purchasing an additional 10,998 shares during the period. Hedge funds and other institutional investors own 30.97% of the company’s stock.

About Virco Mfg.

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.