Virco Mfg. (NASDAQ:VIRC) Stock Price Passes Above Two Hundred Day Moving Average of $9.46

Virco Mfg. Co. (NASDAQ:VIRC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Virco Mfg. Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.31 and a quick ratio of 0.96. The stock’s 50 day moving average is $10.31 and its 200-day moving average is $9.46. The company has a market capitalization of $168.73 million, a P/E ratio of 7.70 and a beta of 0.68.

Virco Mfg. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 7th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Wednesday, March 6th. Virco Mfg.’s dividend payout ratio is currently 5.97%.

Institutional Investors Weigh In On Virco Mfg.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Minerva Advisors LLC boosted its holdings in shares of Virco Mfg. by 12.2% during the 3rd quarter. Minerva Advisors LLC now owns 1,079,874 shares of the company’s stock valued at $8,541,000 after buying an additional 117,662 shares in the last quarter. Barclays PLC bought a new stake in Virco Mfg. during the third quarter worth about $74,000. Ritholtz Wealth Management purchased a new stake in Virco Mfg. in the fourth quarter worth about $309,000. EAM Investors LLC bought a new position in shares of Virco Mfg. during the third quarter valued at approximately $1,479,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Virco Mfg. during the third quarter valued at approximately $146,000. 30.97% of the stock is owned by hedge funds and other institutional investors.

About Virco Mfg.

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.