Zagg Inc (NASDAQ:ZAGG)’s stock price dropped 6% on Wednesday . The company traded as low as $7.22 and last traded at $7.26, approximately 595,770 shares were traded during trading. An increase of 30% from the average daily volume of 457,808 shares. The stock had previously closed at $7.72.
ZAGG has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Zogenix from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average price target of $13.50.
The firm has a market cap of $224.34 million, a PE ratio of 5.04, a P/E/G ratio of 0.68 and a beta of 1.45. The firm has a fifty day moving average of $6.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.01 and a quick ratio of 1.08.
Several institutional investors have recently bought and sold shares of ZAGG. Signia Capital Management LLC boosted its holdings in shares of Zagg by 103.6% during the 1st quarter. Signia Capital Management LLC now owns 369,542 shares of the specialty retailer’s stock worth $3,351,000 after buying an additional 188,051 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Zagg by 28.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 785,320 shares of the specialty retailer’s stock worth $7,123,000 after buying an additional 175,722 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Zagg during the 1st quarter worth approximately $1,562,000. Rice Hall James & Associates LLC bought a new position in shares of Zagg during the 1st quarter worth approximately $1,104,000. Finally, Tieton Capital Management LLC lifted its holdings in shares of Zagg by 18.0% in the 1st quarter. Tieton Capital Management LLC now owns 534,170 shares of the specialty retailer’s stock worth $4,845,000 after purchasing an additional 81,363 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.
About Zagg (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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