Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Virco Manufacturing Corporation (VIRC) Share Price

Press coverage about Virco Manufacturing Corporation (NASDAQ:VIRC) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Virco Manufacturing Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1621345189449 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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Several equities research analysts recently weighed in on VIRC shares. Zacks Investment Research cut shares of Virco Manufacturing Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. TheStreet upgraded shares of Virco Manufacturing Corporation from a “c+” rating to a “b” rating in a research report on Thursday, June 22nd. Finally, Wedbush restated an “outperform” rating and issued a $6.00 price target (up previously from $5.00) on shares of Virco Manufacturing Corporation in a research report on Wednesday, June 21st.

Shares of Virco Manufacturing Corporation (NASDAQ:VIRC) traded up 2.04% during midday trading on Friday, reaching $5.00. 3,510 shares of the company traded hands. The firm has a market capitalization of $75.90 million, a PE ratio of 3.24 and a beta of 0.09. The stock has a 50 day moving average price of $5.38 and a 200 day moving average price of $4.60. Virco Manufacturing Corporation has a 1-year low of $3.55 and a 1-year high of $5.95.

Virco Manufacturing Corporation (NASDAQ:VIRC) last issued its quarterly earnings data on Monday, June 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Virco Manufacturing Corporation had a net margin of 13.47% and a return on equity of 10.87%. The company had revenue of $23.24 million during the quarter. Analysts expect that Virco Manufacturing Corporation will post $0.44 earnings per share for the current fiscal year.

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Virco Manufacturing Corporation 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.