Notable News Spotlight: Turtle Beach (Nasdaq: HEAR)

Turtle Beach (Nasdaq: HEAR) spotted trading -65.71% off 52-week high price. On the other end, the stock has been noted 5.82% away from the low price over the last 52-weeks. The stock changed -3.32% to recent value of $8.73. The stock transacted 344732 shares during most recent day however it has an average volume of 617.2K shares. The company has 13.9M of outstanding shares and 12.49M shares were floated in the market.  

Turtle Beach (Nasdaq: HEAR) announced a new partnership with Inter Milan and Belgian international striker Romelu Lukaku. Turtle Beach and Lukaku are teaming-up to showcase the power and benefits of using high-quality equipment when gaming at home and on the road.

“Romelu is a true international superstar with a lifelong passion for video games, and he joins our impressive and influential roster of pro athletes who’ve teamed-up with Turtle Beach for all their gaming needs,” said Juergen Stark, CEO, Turtle Beach. “We’re delivering products that align with his thirst for competition and his will to win, both on and off the pitch. We’re also thrilled to work with Roc Nation Sports Europe as they continue to expand, and hope Lukaku is the first of more footballers to join our roster.”

At the 2018 World Cup, Lukaku led Belgium to a third-place finish and was the second highest goal scorer of the tournament, winning the Bronze Boot. Having played key roles for several world class international football clubs, including Chelsea FC and Manchester United FC, scoring more than 145 career goals, Lukaku recently made the move to Italian giants, Inter Milan, in a $90 million-dollar deal on transfer deadline day. Known for his longstanding love of video games, Lukaku will be using Turtle Beach’s range of industry-acclaimed products in all his gaming activities and content.

“I’m very excited to team up with Turtle Beach,” said Romelu Lukaku. “One of my biggest passions off the pitch is gaming, and Turtle Beach’s products are second to none.  Whether it’s gaming or football, I love to win. Turtle Beach always elevates my game.”

 Its earnings per share (EPS) expected to touch remained 399.20% for this year while earning per share for the next 5-years is expected to reach at 18.00%. HEAR has a gross margin of 37.30% and an operating margin of 15.20% while its profit margin remained 11.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.28% from the mean of 20 days, -13.49% from mean of 50 days SMA and performed -30.74% from mean of 200 days price. Company’s performance for the week was -4.80%, -14.07% for month and YTD performance remained -38.82%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

Address: 7302 Benton Street, Arvada, CO 80003, USA


Zip Code: 80003

Phone Number: 303-420-7222

Leave a Reply

Your email address will not be published. Required fields are marked *