Sidoti cut shares of Black Box Co. (NASDAQ:BBOX) from a buy rating to a neutral rating in a report issued on Wednesday, The Fly reports.

Black Box (NASDAQ:BBOX) traded up 3.23% during mid-day trading on Wednesday, reaching $7.35. The company’s stock had a trading volume of 205,111 shares. The stock’s market capitalization is $113.18 million. Black Box has a 1-year low of $6.51 and a 1-year high of $22.70. The stock’s 50 day moving average price is $8.51 and its 200 day moving average price is $13.23.

Black Box (NASDAQ:BBOX) last issued its quarterly earnings results on Tuesday, January 26th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business earned $222.50 million during the quarter, compared to analyst estimates of $225.63 million. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Analysts expect that Black Box will post $1.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Stockholders of record on Thursday, December 24th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, December 22nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.99%.

An institutional investor recently bought a new position in Black Box stock. Simplex Trading acquired a new position in Black Box Co. (NASDAQ:BBOX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10 shares of the company’s stock, valued at approximately $0.

Black Box Corporation is a technology solutions provider engaged in designing, building, managing and securing the information technology (NASDAQ:BBOX) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching. Offerings under its Services platform include unified communications, data infrastructure and managed services. It conducts business and manages its business on a geographic-service type basis consisting of four operating segments: North America Products, North America Services, International Products and International Services. Revenues within its North America segments are primarily attributed to the United States while revenues within its International segments are attributed to countries in Europe, the Pacific Rim and Latin America. Its offerings are distributed through value-added resellers, direct marketing manufacturers, mass merchandisers, Web retailers and others.

12 Month Chart for NASDAQ:BBOX

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