Zacks Investment Research upgraded shares of Compass Diversified Holdings
Zacks Investment Research upgraded shares of Compass Diversified Holdings (NASDAQ: CODI) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday.
Shares of Compass Diversified Holdings traded down 2.51% during mid-day trading on Friday, hitting $16.30. Compass Diversified Holdings has a 52 week low of $13.03 and a 52 week high of $18.58. The stock’s 50-day moving average is $15.45 and its 200-day moving average is $16.58. The company has a market cap of $761.6 million.
Compass Diversified Holdings last announced its quarterly results on Monday, May 9th. The company reported ($0.15) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.28 EPS by $0.43. During the same quarter in the prior year, the company posted ($0.44) earnings per share. The company’s quarterly revenue was up 19.90% on a year-over-year basis. On average, analysts predict that Compass Diversified Holdings will post $0.55 EPS next quarter.
Compass Diversified Holdings (the Trust) acquires controlling interests in and actively manages businesses. The Trustâ€™s manager is Compass Group Management LLC (CGM). As of December 31, 2009, the Company had six business segments: Compass AC Holdings, Inc. (ACI or Advanced Circuits), American Furniture Manufacturing, Inc. (AFM or American Furniture), Anodyne Medical Device, Inc. (Anodyne), Fox Factory, Inc. (Fox) HALO Branded Solutions, Inc. (HALO) and CBS Personnel Holdings, Inc. (CBS or CBS Personnel). In March 2010, the Company announced that its subsidiary, Advanced Circuits, acquired Circuit Express, Inc. In April 2010, the Company acquired Liberty Safe and Security Products, Inc.