ZAGG Inc (ZAGG) Hits New 52-Week High


The company is so far trading up since yesterday’s close of $9.6. Shares of the company are trading at $10.30 which is significantly above $8.83, the stock’s 50 day moving average and well above the 200 day moving average of $7.69. The 50 day moving average was 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..

The following firms have also recently changed their position in ZAGG. As of quarter end Dimensional Fund Advisors Lp had disposed of a total of 64,943 shares trimming its position 2.7%. The value of the company’s investment in ZAGG Inc increased from $17,118,000 to $20,004,000 increasing 16.9% quarter to quarter. As of the end of the quarter Penn Capital Management Co Inc had bought 7,041 shares growing its holdings by 1.1%. The value in dollars went from $4,449,000 to $5,405,000 a change of $956,000 for the reporting period.

Renaissance Technologies LLC downsized its investment by selling 99,200 shares a decrease of 35.8% in the quarter. Renaissance Technologies LLC claims 178,200 shares valued at $1,541,000. The total value of its holdings decreased 38.3%. As of quarter end California Public Employees Retirement System had acquired 39,600 shares growing its stake by 46.9%. The value of the investment in ZAGG increased from $599,000 to $1,073,000 a change of 79.1% quarter over quarter.

As of the last earnings report the EPS was $-0.50 and is expected to be $0.85 for the current year with 27,964,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.62 and the next full year EPS is anticipated to be $1.12.