Turtle Beach (NASDAQ:TBCH) Upgraded by Wedbush to Hold Rating

Turtle Beach (NASDAQ:TBCH) was upgraded by analysts at Wedbush to a “hold” rating in a report released on Tuesday,Zacks.com reports.

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

Turtle Beach Price Performance

TBCH stock opened at $14.49 on Tuesday. The business has a 50-day moving average of $12.16. The company has a current ratio of 1.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $291.97 million, a P/E ratio of 19.85, a P/E/G ratio of 1.15 and a beta of 2.01. Turtle Beach has a 1 year low of $8.78 and a 1 year high of $19.50.

Turtle Beach (NASDAQ:TBCH) last announced its earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Turtle Beach had a return on equity of 15.59% and a net margin of 4.03%. The firm had revenue of $63.90 million during the quarter, compared to analyst estimates of $62.33 million. On average, equities research analysts expect that Turtle Beach will post 1.17 earnings per share for the current fiscal year.

Turtle Beach Company Profile

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.