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Wedbush announced Virco Mfg. Corporation (NASDAQ:VIRC), reducing its stock price target to $5.00 today

In a statement issued on 6/21/2017 Wedbush lowered the target price of Virco Mfg. Corporation (NASDAQ:VIRC) from $6.00 to $5.00 stating a potential upside of 0.02%.

Boasting a price of $4.92, Virco Mfg. Corporation (NASDAQ:VIRC) traded -5.83% lower on the day. With the last stock price close up 19.44% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Virco Mfg. Corporation has recorded a 50-day average of $5.44 and a two hundred day average of $4.73. Volume of trade was up over the average, with 35,704 shares of VIRC changing hands over the typical 12,042

Performance Chart

Virco Mfg. Corporation (NASDAQ:VIRC)

With a total market value of $0, Virco Mfg. Corporation has price-earnings ratio of 3.66 with a one year low of $3.55 and a one year high of $6.00 .

Brief Synopsis About Virco Mfg. Corporation (NASDAQ:VIRC)

Virco Mfg. Corporation (Virco) is engaged in the designing, producing and distributing of furniture for a range family of customers. The Company is a manufacturer and supplier of moveable educational furniture and equipment for the preschool through 12th grade market in the United States. It manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, folding chairs and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells. Virco also has flat metal forming capabilities to enable the production of desks, returns, bookcases, filing cabinets, mobile pedestals and related items. Its ZUMA line includes cantilever chairs; tablet arm chairs with a fixed or articulating work surface and a compact footprint, and steel-frame rockers.

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