Zacks Investment Research downgraded Zagg Inc (NASDAQ:ZAGG) to Sell in a report released today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Zagg Inc (NASDAQ:ZAGG) to Sell in a report released on 10/13/2016.
Previously on 05/11/2016, Wunderlich reported on Zagg Inc (NASDAQ:ZAGG) reduced the target price from $13.00 to $10.00. At the time, this indicated a possible upside of 0.25%.
Just yesterday Zagg Inc (NASDAQ:ZAGG) traded 1.30% higher at $7.70. Zagg Inc’s 50-day moving average is $7.70 and its 200-day moving average is $6.91. The last closing price is up 12.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 192,723 shares of ZAGG traded hands, down from an average trading volume of 644,031
Recent Performance Chart
Zagg Inc has 52 week low of $4.71 and a 52 week high of $12.74 with a PE ratio of 50.00 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $13.13 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Zagg Inc (NASDAQ:ZAGG)
ZAGG Inc (ZAGG) 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.
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