ZAGG Inc (ZAGG) Saw a New 52-Week High


The company is now up from yesterday’s close of $9.6. It is currently trading at $10.30 well above $8.83, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $7.69. The 50 day moving average was up by +16.60% and the 200 day average moved up $2.61.

ZAGG Inc (ZAGG), launched on April 2, 2004, designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices, and sells these products to consumers through global distribution partners and online. The Company offers products for various market segments of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces..

Here are some other firms who have updated their holdings. As of the end of the quarter Dimensional Fund Advisors Lp had sold a total of 64,943 shares trimming its position 2.7%. The value of the investment in ZAGG increased from $17,118,000 to $20,004,000 a change of $2,886,000 for the reporting period. Penn Capital Management Co Inc expanded its position by buying 7,041 shares an increase of 1.1% from 03/31/2017 to 06/30/2017. Penn Capital Management Co Inc controls 624,911 shares valued at $5,405,000. The value of the position overall is up by 21.5%.

As of quarter end Renaissance Technologies LLC had disposed of 99,200 shares trimming its stake by 35.8%. The value in dollars went from $2,499,000 to $1,541,000 a change of 38.3% quarter to quarter. California Public Employees Retirement System grew its investment by buying 39,600 shares an increase of 46.9%. California Public Employees Retirement System currently owns 124,000 shares worth $1,073,000. The total value of its holdings increased 79.1%.

In the latest earnings report the EPS was $-0.50 and is estimated to be $0.85 for the current year with 27,964,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.62 with next year’s EPS anticipated to be $1.12.