Zagg ( ZAGG) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 0.5%. By the end of trading, Zagg rose 74 cents (6%) to $13.03 on heavy volume. Throughout the day, 2.6 million shares of Zagg exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $12.43-$13.27 after having opened the day at $12.49 as compared to the previous trading day's close of $12.29. Other companies within the Specialty Retail industry that increased today were: Barnes & Noble ( BKS), up 51.7%, Books-A-Million ( BAMM), up 25.1%, iParty Corporation ( IPT), up 12.9%, and Francescas Holdings ( FRAN), up 5.4%. ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes protective coverings, audio accessories, and power solutions for consumer electronics and hand-held devices primarily in the United States and Europe. Zagg has a market cap of $360.2 million and is part of the services sector. Currently there are four analysts that rate Zagg a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates Zagg as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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