Turtle Beach Sees Unusually High Options Volume (NASDAQ:TBCH)

Turtle Beach Corp (NASDAQ:TBCH) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 7,760 call options on the stock. This represents an increase of approximately 394% compared to the typical volume of 1,572 call options.

Turtle Beach Stock Down 5.6 %

TBCH stock traded down $0.80 during trading on Friday, hitting $13.49. 600,930 shares of the company’s stock traded hands, compared to its average volume of 163,075. The firm has a market cap of $270.87 million, a price-to-earnings ratio of 46.52, a PEG ratio of 0.77 and a beta of 2.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60. Turtle Beach has a 52 week low of $12.10 and a 52 week high of $19.50.

Turtle Beach (NASDAQ:TBCH) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.11). Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. Research analysts predict that Turtle Beach will post 1.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush boosted their target price on shares of Turtle Beach from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday.

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.