Shares of Parametric Sound Corp. (NASDAQ:HEAR) opened at 1.42 on Thursday. The company’s market capitalization is $69.91 million. Parametric Sound Corp. has a 52 week low of $0.83 and a 52 week high of $3.72. The company has a 50-day moving average price of $1.08 and a 200-day moving average price of $1.05.
Parametric Sound Corp. (NASDAQ:HEAR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. The business earned $29.40 million during the quarter, compared to the consensus estimate of $24.94 million. Parametric Sound Corp. had a negative return on equity of 65.64% and a negative net margin of 67.31%. Analysts predict that Parametric Sound Corp. will post ($0.45) earnings per share for the current year.
In other news, major shareholder Carmine J. Bonanno sold 24,900 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $1.04, for a total transaction of $25,896.00. Following the completion of the transaction, the insider now directly owns 4,100,059 shares in the company, valued at $4,264,061.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frederick J. Romano sold 144,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $1.33, for a total value of $191,520.00. Following the transaction, the insider now owns 4,819,000 shares of the company’s stock, valued at $6,409,270. The disclosure for this sale can be found here. 74.00% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Parametric Sound Corp. stock. Spark Investment Management LLC increased its stake in shares of Parametric Sound Corp. (NASDAQ:HEAR) by 72.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,700 shares of the company’s stock after buying an additional 83,400 shares during the period. Spark Investment Management LLC owned 0.47% of Parametric Sound Corp. worth $226,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.05% of the company’s stock.
About Parametric Sound Corp.
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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