ZAGG Inc (ZAGG) Hits a New 52-Week High

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In the market the company is trading up since yesterday’s close of $9.6. The stock last traded at $10.30 significantly higher than the 50 day moving average which is $8.83 and which is quite a bit above the 200 day moving average of $7.69. The 50 day moving average went up $1.47 or +16.60% and the 200 day average went up $2.61 or +33.93%.

ZAGG Inc (ZAGG), launched on April 2, 2004, designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices, and sells these products to consumers through global distribution partners and online. The Company offers products for various market segments of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces..

Here are some other firms who have updated their holdings. As of quarter end Dimensional Fund Advisors Lp had disposed of 64,943 shares trimming its stake by 2.7%. The value of the company’s investment in ZAGG Inc went from $17,118,000 to $20,004,000 a change of 16.9% quarter over quarter. As of the end of the quarter Penn Capital Management Co Inc had bought a total of 7,041 shares growing its position 1.1%. The value of the investment in ZAGG Inc increased from $4,449,000 to $5,405,000 increasing 21.5% for the reporting period.

As of the end of the quarter Renaissance Technologies LLC had sold a total of 99,200 shares trimming its holdings by 35.8%. The value of the investment in (ZAGG) went from $2,499,000 to $1,541,000 a change of $958,000 quarter to quarter. As of quarter end California Public Employees Retirement System had bought 39,600 shares growing its stake by 46.9%. The value of the total investment in ZAGG Inc went from $599,000 to $1,073,000 a change of 79.1% since the last quarter.

As of the latest earnings report the EPS was $-0.50 and is projected to be $0.85 for the current year with 27,964,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.62 and the next full year EPS is anticipated to be $1.12.