Analyst Rating Update on Skullcandy (SKUL)

Skullcandy (NASDAQ:SKUL) : The consensus on Skullcandy (NASDAQ:SKUL) based on 3 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Skullcandy (NASDAQ:SKUL) : The most positive equity analysts on Skullcandy (NASDAQ:SKUL) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $5 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $5.67 with an expected fluctuation of $0.58 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm DA Davidson downgrades its rating on Skullcandy (NASDAQ:SKUL). As per the latest information, the brokerage house raises the price target to $5 per share from a prior target of $4.5. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 8, 2016.

Skullcandy (NASDAQ:SKUL): stock turned positive on Tuesday. Though the stock opened at $6.09, the bulls momentum made the stock top out at $6.17 level for the day. The stock recorded a low of $6.08 and closed the trading day at $6.14, in the green by 0.99%. The total traded volume for the day was 1,167,352. The stock had closed at $6.08 in the previous days trading.

In an insider trading activity,The director of Skullcandy, Inc., Alden Rick sold 25,000 shares at $4.55 on June 14, 2016. The Insider selling transaction had a total value worth of $113,750. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Skullcandy, Inc. is a designer, marketer and distributer of audio and gaming headphones, earbuds, speakers and other accessories under the Skullcandy, Astro Gaming and 2XL brands. The Companys products are sold and distributed through a variety of channels in the United States and approximately 80 countries across the world. The Company offers an array of styles and price points and includes audio products and categories, such as gaming and sports performance, womens and Wireless offerings, as well as partnerships with manufacturers to license its brand. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. International segment includes Skullcandy product sales to customers in Europe, Asia, Canada and Mexico, which are served through the Companys joint venture and other geographic areas outside the United States served by its International operations.

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