Virco Manufacturing (VIRC) Getting Somewhat Favorable News Coverage, Report Finds

News articles about Virco Manufacturing (NASDAQ:VIRC) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Virco Manufacturing earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.9580984993737 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of VIRC traded down $0.05 during midday trading on Thursday, hitting $4.25. 533 shares of the stock were exchanged, compared to its average volume of 9,385. Virco Manufacturing has a 52-week low of $3.75 and a 52-week high of $6.05. The firm has a market cap of $66.04, a P/E ratio of 13.28 and a beta of 0.07. The company has a quick ratio of 0.87, a current ratio of 2.17 and a debt-to-equity ratio of 0.17.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Stockholders of record on Friday, March 23rd were given a dividend of $0.015 per share. The ex-dividend date was Thursday, March 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.41%. Virco Manufacturing’s dividend payout ratio is currently 18.75%.

VIRC has been the subject of several analyst reports. Zacks Investment Research upgraded Virco Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine upgraded Virco Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

In other news, insider Douglas A. Virtue purchased 15,711 shares of the stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost of $4.40 per share, for a total transaction of $69,128.40. Following the completion of the transaction, the insider now directly owns 779,564 shares in the company, valued at approximately $3,430,081.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alexander L. Cappello purchased 15,710 shares of the stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average price of $4.40 per share, with a total value of $69,124.00. Following the completion of the transaction, the director now owns 10,101 shares of the company’s stock, valued at $44,444.40. The disclosure for this purchase can be found here. Company insiders own 12.17% of the company’s stock.

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About Virco Manufacturing

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.

Insider Buying and Selling by Quarter for Virco Manufacturing (NASDAQ:VIRC)

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