Revenue Update on Fox Factory Holding Corp(NASDAQ:FOXF)

Fox Factory Holding Corp(NASDAQ:FOXF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $102.29M. Analysts estimated a revenue of $98.53M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.28.

Fox Factory Holding Corp (FOXF) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.59% at a volume of 1,70,458. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.69. The peak price level was also seen at $18.69 while the days lowest was $18.09. Finally the shares closed at $18.54. The 52-week high of the shares is $21.05 while the 52-week low is $13.85. According to the latest information available, the market cap of the company is $680 M.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, Group Diversified Hold Compass (10% owner) sold 3,000,000 shares at $15.90 per share price.Also, On Mar 9, 2015, Elias Sabo (director) purchased 100,000 shares at $14.87 per share price.

Fox Factory Holding Corp. (FOX) is a designer manufacturer and marketer of ride dynamics component products used primarily on bicycles side-by-side vehicles or Side-by-Sides on-road vehicles with off-road capabilities off-road vehicles and trucks all-terrain vehicles or ATVs snowmobiles specialty vehicles and applications and motorcycles as well as suspension systems or life kits used on trucks. The Company’s products fall into the two categories: bikes and powered vehicles including Side-by-Sides on-road vehicles with off-road capabilities off-road vehicles and trucks ATVs snowmobiles specialty vehicles and applications and motorcycles. The Company is the holding company of Fox Factory Inc. The Company designs and markets its products to original equipment manufacturers (OEM’s) in its markets and to consumers through the aftermarket channel.

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