Zagg Inc (NASDAQ:ZAGG) shares saw an uptick in trading volume on Wednesday . 3,351,973 shares traded hands during trading, an increase of 537% from the previous session’s volume of 526,354 shares.The stock last traded at $6.33 and had previously closed at $5.62.
A number of brokerages have commented on ZAGG. ValuEngine upgraded Zagg from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut Zagg from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Craig Hallum lowered their target price on Zagg from $17.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Zagg presently has an average rating of “Hold” and an average price target of $13.00.
The business has a fifty day simple moving average of $6.53 and a 200 day simple moving average of $8.24. The stock has a market cap of $194.55 million, a price-to-earnings ratio of 4.57, a PEG ratio of 0.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.99 and a current ratio of 1.86.
Several hedge funds have recently bought and sold shares of ZAGG. Roumell Asset Management LLC boosted its holdings in shares of Zagg by 470.5% during the second quarter. Roumell Asset Management LLC now owns 904,867 shares of the specialty retailer’s stock worth $6,298,000 after purchasing an additional 746,268 shares during the last quarter. Putnam Investments LLC acquired a new stake in shares of Zagg during the second quarter worth $4,112,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Zagg by 26.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 990,493 shares of the specialty retailer’s stock worth $6,894,000 after purchasing an additional 205,173 shares during the last quarter. Signia Capital Management LLC boosted its holdings in shares of Zagg by 103.6% during the first quarter. Signia Capital Management LLC now owns 369,542 shares of the specialty retailer’s stock worth $3,351,000 after purchasing an additional 188,051 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its holdings in shares of Zagg by 14.2% during the second quarter. Wasatch Advisors Inc. now owns 1,455,051 shares of the specialty retailer’s stock worth $10,127,000 after purchasing an additional 180,447 shares during the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.
Zagg Company Profile (NASDAQ:ZAGG)
ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes mobile tech accessories for smartphones and tablets in the United States, Europe, and internationally. The company offers screen protection products; protective cases to protect device-specific mobile devices and tablets; power management products for tablets, smartphones, smartwatches, cameras, and other electronic mobile devices; power stations, wireless chargers, car and wall chargers, portable power products, and power wallets; earbuds, headphones, and speakers; and device specific keyboards and device agnostic keyboards under the ZAGG, InvisibleShield, mophie, IFROGZ, BRAVEN, Gear4, and HALO brands.
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