Virco Mfg. (NASDAQ:VIRC) Shares Pass Above 200-Day Moving Average of $4.19

Posted by on Aug 9th, 2023

Virco Mfg. Co. (NASDAQ:VIRC – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.19 and traded as high as $4.45. Virco Mfg. shares last traded at $4.35, with a volume of 26,926 shares.

Virco Mfg. Stock Down 2.7 %

The stock has a market capitalization of $70.51 million, a P/E ratio of 3.51 and a beta of 0.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.58 and a quick ratio of 0.29. The stock’s fifty day moving average is $4.09 and its two-hundred day moving average is $4.19.

Virco Mfg. (NASDAQ:VIRC – Get Free Report) last issued its earnings results on Monday, June 12th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.08. The firm had revenue of $34.94 million during the quarter, compared to analysts’ expectations of $33.70 million. Virco Mfg. had a net margin of 8.63% and a return on equity of 32.13%. As a group, research analysts predict that Virco Mfg. Co. will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Virco Mfg.

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Virco Mfg. during the second quarter valued at $57,000. Millennium Management LLC purchased a new position in shares of Virco Mfg. during the fourth quarter valued at $110,000. Renaissance Technologies LLC grew its holdings in shares of Virco Mfg. by 3.6% during the fourth quarter. Renaissance Technologies LLC now owns 168,630 shares of the company’s stock valued at $762,000 after buying an additional 5,902 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Virco Mfg. by 2.3% during the first quarter. Vanguard Group Inc. now owns 195,140 shares of the company’s stock valued at $583,000 after buying an additional 4,333 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Virco Mfg. by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 421,301 shares of the company’s stock valued at $1,794,000 after buying an additional 5,324 shares in the last quarter. Hedge funds and other institutional investors own 18.19% of the company’s stock.

About Virco Mfg.

(Get Free Report)

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.

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