Turtle Beach (NASDAQ:TBCH - Get Free Report) had its price objective boosted by Wedbush from $20.00 to $21.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Wedbush's target price would indicate a potential upside of 59.57% from the stock's current price.
Turtle Beach Price Performance
Turtle Beach stock traded down $1.13 during trading hours on Friday, reaching $13.16. The company had a trading volume of 159,703 shares, compared to its average volume of 153,580. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60. The stock has a market capitalization of $264.24 million, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 0.77 and a beta of 2.05. Turtle Beach has a 12-month low of $12.10 and a 12-month high of $19.50.
Turtle Beach (NASDAQ:TBCH - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.11). Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. Analysts forecast that Turtle Beach will post 1.17 EPS for the current year.
About Turtle Beach
(
Get Free Report)
Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Turtle Beach, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Turtle Beach wasn't on the list.
While Turtle Beach currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
