Navarre (NASDAQ: NAVR) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday.
Navarre Corporation (Navarre) distributes and publishes a range of computer software and home entertainment and multimedia products and provides value-added services to third-party publishers. The Company operates through two business segments: distribution and publishing. The Company’s base of customers includes: wholesale clubs, mass merchandisers, other third party distributors, computer specialty stores, book stores, office superstores, and electronic superstores. Through the distribution segment, the Company distributes computer software, home video, video games and accessories that are provided by its vendors and provides fee-based third-party logistical services to North American retailers and their suppliers. Through the publishing segment, the Company owns or licenses various computer software and home video titles.
Shares of Navarre opened at 1.45 on Wednesday. Navarre has a 52 week low of $1.31 and a 52 week high of $2.12. The stock’s 50-day moving average is $1.48 and its 200-day moving average is $1.66. The company has a market cap of $53.6 million and a P/E ratio of 9.93.
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