Turtle Beach (NASDAQ:TBCH) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Turtle Beach (NASDAQ:TBCH) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, Craig Hallum lowered their price target on Turtle Beach from $23.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, May 9th.

Turtle Beach Trading Up 0.6%

NASDAQ:TBCH opened at $14.49 on Tuesday. Turtle Beach has a 52 week low of $8.78 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.96 and a quick ratio of 0.95. The company’s 50 day moving average is $12.16. The company has a market capitalization of $291.97 million, a price-to-earnings ratio of 19.85, a PEG ratio of 1.15 and a beta of 2.01.

Turtle Beach (NASDAQ:TBCH) last posted its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $62.33 million. Turtle Beach had a net margin of 4.03% and a return on equity of 15.59%. As a group, analysts predict that Turtle Beach will post 1.17 EPS for the current fiscal year.

About Turtle Beach

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.