Virco Mfg. (NASDAQ:VIRC) Shares Cross Above 200-Day Moving Average of $9.46

Virco Mfg. Co. (NASDAQ:VIRC) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.46 and traded as high as $10.95. Virco Mfg. shares last traded at $10.32, with a volume of 177,117 shares trading hands.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Virco Mfg. from a “c” rating to a “b” rating in a research note on Wednesday, February 14th.

Virco Mfg. Price Performance

The stock has a market capitalization of $167.72 million, a PE ratio of 7.66 and a beta of 0.68. The company has a quick ratio of 0.96, a current ratio of 2.31 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is $10.30 and its 200-day moving average price is $9.49.

Virco Mfg. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 7th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, March 6th. Virco Mfg.’s dividend payout ratio (DPR) is presently 5.97%.

Institutional Trading of Virco Mfg.

A number of hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its stake in Virco Mfg. by 27.7% in the third quarter. Merit Financial Group LLC now owns 13,176 shares of the company’s stock worth $105,000 after acquiring an additional 2,859 shares during the period. Northern Trust Corp lifted its position in shares of Virco Mfg. by 14.8% during the second quarter. Northern Trust Corp now owns 23,108 shares of the company’s stock valued at $96,000 after buying an additional 2,974 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Virco Mfg. during the third quarter valued at about $25,000. Barclays PLC lifted its position in shares of Virco Mfg. by 40.3% during the fourth quarter. Barclays PLC now owns 13,032 shares of the company’s stock valued at $157,000 after buying an additional 3,743 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Virco Mfg. by 2.3% during the first quarter. Vanguard Group Inc. now owns 195,140 shares of the company’s stock valued at $583,000 after buying an additional 4,333 shares during the last quarter. 30.97% of the stock is owned by hedge funds and other institutional investors.

Virco Mfg. Company Profile

Virco Mfg. Corporation designs, produces, and distributes furniture in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs.