Virco Mfg. Co. (NASDAQ:VIRC) Director Alexander L. Cappello acquired 15,710 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $4.40 per share, for a total transaction of $69,124.00. Following the completion of the acquisition, the director now owns 10,101 shares in the company, valued at approximately $44,444.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Virco Mfg. Co. (NASDAQ VIRC) traded down $0.05 during trading on Wednesday, hitting $4.30. The stock had a trading volume of 1,725 shares, compared to its average volume of 9,561. The firm has a market cap of $68.05, a PE ratio of 430.43 and a beta of -0.07. Virco Mfg. Co. has a fifty-two week low of $3.55 and a fifty-two week high of $6.05. The company has a current ratio of 2.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.17.
Virco Mfg. (NASDAQ:VIRC) last issued its earnings results on Thursday, December 14th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.14). The company had revenue of $68.79 million for the quarter, compared to analyst estimates of $75.90 million. Virco Mfg. had a return on equity of 0.58% and a net margin of 0.19%. research analysts forecast that Virco Mfg. Co. will post 0.29 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Virco Mfg. from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 20th. ValuEngine upgraded Virco Mfg. from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
An institutional investor recently raised its position in Virco Mfg. stock. Northern Trust Corp lifted its stake in shares of Virco Mfg. Co. (NASDAQ:VIRC) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,298 shares of the company’s stock after purchasing an additional 1,760 shares during the period. Northern Trust Corp owned 0.21% of Virco Mfg. worth $167,000 as of its most recent SEC filing. Institutional investors own 30.22% of the company’s stock.
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Virco Mfg. Company Profile
Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables.
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