Virco Manufacturing Corporation (VIRC) was one of the best performers amongst all companies listed in the consumer goods sector on the NYSE and NASDAQ exchanges during trading on April 21, climbing 12.66% to wrap the day at $4.45 after closing the day prior at $3.95. Throughout the trading session, shares of VIRC rose as high as $4.49 and dipped as low as $3.85. Today’s advance came with about 25,311 shares changing hands, compared to an average 30-day volume of 7,635 for Virco Manufacturing Corporation. The price is currently below the 30-day volume weighted average price of $4.15 for VIRC.
The share appreciation today gives the company a market capitalization of $59.96 million based upon 15.18 million shares outstanding. It also means that VIRC has a price-to-book ratio of 0.94:1.
In the past 52 weeks, shares of VIRC have traded as low as $3.06 and as high as $4.94. Technical traders will take note that at $4.45, shares of VIRC are trading above their 200-day MA at $4.22 and above their 50-day MA at $4.0. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is VIRC?
Virco Manufacturing Corp manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs and folding tables. The company’s 1045 employees are led by CEO Robert A. Virtue from the corporate headquarters at 2027 Harpers Way in Torrance, CA.
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