Dallas, Texas 03/18/2014 (FINANCIALSTRENDS) – RadioShack Corporation (NYSE:RSH) has announced its full year results for 2013, in the second week of March. The company has adopted a new classification system for its product in 2013. The newly categorized products are, Mobility- posting 52.4%, which is nearly the same as the previous year. However, the comparable store has seen a slide by 9.0% in 2013. The other category which includes the signature products and consumer electronics under the retail category posted 46.9% sales during FY2013, which is comparable in store sales, to 8.5%. Significantly, representation in the other category is 0.7%, where the sales for the year remain the same as FY2012.
RadioShack Corporation (NYSE:RSH) has received initial coverage by BTIG Research, receiving a neutral rating.
Besides, the company has also found other analysts like Goldman Sachs cutting down the price target by $1.00. Other analysts such as S&P Equity Research too showed an upgrade in the shares, announcing a ‘hold’ rating on the research notes it issued.
RadioShack Corporation (NYSE:RSH) has also received two equities research analysts rating the stock as Sell, while there are eight more which have offered an Hold on the stock.
The current consensus rating by analysts for RadioShack Corporation (NYSE:RSH) is at consensus target price of $2.14.
Insider Trading Noticed
In another plus for RSH, is the recent buying of shares seen by insiders, like the Chief Financial Officer John Feray. He was seen to purchase over 100,000 shares, with each priced at $2.12 per share. The entire value of the transaction was noted to be $212,000.00.
RSH holds sway as consumer electronics goods
RadioShack is popular retail store in the consumer electronics goods as well as services through its chain of outlets located across the country. Interestingly, this electronic retail seller has outlets located outside of the Americas as well.