Turtle Beach Corporation (NASDAQ:HEAR) CEO Juergen M. Stark purchased 83,333 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $0.54 per share, for a total transaction of $44,999.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Turtle Beach Corporation (NASDAQ HEAR) traded up $0.02 during trading hours on Monday, reaching $0.54. 56,700 shares of the company were exchanged, compared to its average volume of 244,662. Turtle Beach Corporation has a 1 year low of $0.47 and a 1 year high of $1.74. The company has a debt-to-equity ratio of -0.74, a current ratio of 1.06 and a quick ratio of 0.42.
Turtle Beach (NASDAQ:HEAR) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The company had revenue of $35.98 million for the quarter, compared to analyst estimates of $39.85 million. sell-side analysts anticipate that Turtle Beach Corporation will post -0.06 earnings per share for the current fiscal year.
HEAR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Turtle Beach from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Tuesday, August 15th. ValuEngine downgraded shares of Turtle Beach from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.
About Turtle Beach
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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