Wedbush Issues Positive Forecast for Turtle Beach (NASDAQ:TBCH) Stock Price

Turtle Beach (NASDAQ:TBCH) had its target price boosted by Wedbush from $20.00 to $21.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Turtle Beach Stock Performance

TBCH stock opened at $13.56 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.60 and a debt-to-equity ratio of 0.45. Turtle Beach has a 52-week low of $12.10 and a 52-week high of $19.50. The company has a market cap of $272.27 million, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 0.77 and a beta of 2.05.

Turtle Beach (NASDAQ:TBCH) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.00 earnings per share (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%. As a group, equities research analysts predict that Turtle Beach will post 1.17 EPS 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.