Virco Mfg. Co. (NASDAQ:VIRC) insider Douglas A. Virtue acquired 15,711 shares of Virco Mfg. stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $4.40 per share, with a total value of $69,128.40. Following the completion of the transaction, the insider now owns 779,564 shares of the company’s stock, valued at $3,430,081.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Virco Mfg. Co. (NASDAQ:VIRC) traded down $0.05 during mid-day trading on Wednesday, reaching $4.30. 1,725 shares of the company’s stock were exchanged, compared to its average volume of 9,561. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.87 and a current ratio of 2.17. Virco Mfg. Co. has a 1 year low of $3.55 and a 1 year high of $6.05. The company has a market capitalization of $68.05, a PE ratio of 430.43 and a beta of -0.07.
Virco Mfg. (NASDAQ:VIRC) last released its quarterly earnings data on Thursday, December 14th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). Virco Mfg. had a return on equity of 0.58% and a net margin of 0.19%. The company had revenue of $68.79 million for the quarter, compared to the consensus estimate of $75.90 million. research analysts expect that Virco Mfg. Co. will post 0.29 EPS for the current fiscal year.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Virco Mfg. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 20th. ValuEngine raised shares of Virco Mfg. from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
An institutional investor recently raised its position in Virco Mfg. stock. Northern Trust Corp grew its holdings in Virco Mfg. Co. (NASDAQ:VIRC) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,298 shares of the company’s stock after acquiring an additional 1,760 shares during the quarter. 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.
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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