Investors Buy High Volume of Call Options on Turtle Beach (NASDAQ:TBCH)

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

Turtle Beach Stock Down 5.1 %

TBCH 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. The firm has a market cap of $272.27 million, a P/E ratio of 46.76, a P/E/G ratio of 0.77 and a beta of 2.05. Turtle Beach has a 52 week low of $12.10 and a 52 week high of $19.50.

Turtle Beach (NASDAQ:TBCH) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). The company had revenue of $146.08 million for the quarter, compared to analyst estimates of $154.10 million. Turtle Beach had a net margin of 1.41% and a return on equity of 9.18%. On average, equities analysts expect that Turtle Beach will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Turtle Beach

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.