Virco Manufacturing: Sell-off after weak quarterly figures prompts insiders to take action - Purchases total $130,381

Virco Manufacturing Corp. (VIRC) is a leading manufacturer of school furniture in the USA. The company announced its report for the second quarter and the first half of the year on September 5. This development was marked by a significant decline in revenue, while at the same time a surprisingly solid profit performance was maintained. The operating result and net profit for the first six months of the fiscal year were among the best in the last decade despite challenging market conditions, indicating a high quality of the business model. However,...