Virco Mfg. Co. (NASDAQ:VIRC) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,400 shares, a decrease of 29.0% from the July 31st total of 6,200 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are short sold.
Shares of VIRC traded up $0.04 during mid-day trading on Wednesday, reaching $4.48. The company had a trading volume of 667 shares, compared to its average volume of 2,475. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.29 and a current ratio of 1.48. The company has a market capitalization of $68.38 million, a price-to-earnings ratio of -44.80 and a beta of 0.76. The firm has a 50-day moving average price of $4.40 and a 200 day moving average price of $4.27. Virco Mfg. has a 52 week low of $3.70 and a 52 week high of $5.00.
Virco Mfg. (NASDAQ:VIRC) last posted its quarterly earnings data on Friday, June 14th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.06). The company had revenue of $26.89 million for the quarter, compared to the consensus estimate of $23.20 million. Virco Mfg. had a negative net margin of 0.54% and a negative return on equity of 1.90%. As a group, research analysts forecast that Virco Mfg. will post 0.03 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Virco Mfg. stock. Renaissance Technologies LLC lifted its stake in Virco Mfg. Co. (NASDAQ:VIRC) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,600 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Renaissance Technologies LLC owned 1.23% of Virco Mfg. worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 31.66% of the company’s stock.
Separately, Zacks Investment Research raised shares of Virco Mfg. from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.
Virco Mfg. Company Profile
Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs.
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