B. Riley Reiterates Sell Rating On RadioShack

Analysts at B. Riley reiterated their Sell rating and $0 price target on shares of RadioShack Corp

Friday. On Thursday, RadioShack reported second quarter results missing revenue estimates by $17M, and reported EPS of -1.35/share. Analysts at B. Riley feel the company's most effective course of action would be filing for bankruptcy. Scott Tilghman stated, “ we aren't convinced that RadioShack has the ability to recover sufficient lost revenue in order to return to profitability.” Tilghman further noted, ”RadioShack's primary problem is ultimately one of operating fundamentals that have deteriorated past the point of no return in our view.” Shares of RadioShack Corp are currently trading at $.92 down 9.6 percent.