The Hardinge (HDNG) Receiving Somewhat Favorable News Coverage, Analysis Shows

The Hardinge (HDNG) Receiving Somewhat Favorable News Coverage, Analysis Shows

Hardinge (NASDAQ:HDNG) opened at 12.29 on Monday. Hardinge has a 52-week low of $8.24 and a 52-week high of $12.64. The firm has a market cap of $158.97 million, a price-to-earnings ratio of 423.79 and a beta of 0.93. The firm’s 50 day moving average price is $11.22 and its 200 day moving average price is $10.93.

Headlines about Hardinge (NASDAQ:HDNG) have been trending somewhat positive this week, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hardinge earned a media sentiment score of 0.12 on Alpha One’s scale. Alpha One also gave news coverage about the industrial products company an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Hardinge (NASDAQ:HDNG) last announced its quarterly earnings results on Friday, May 5th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.09. The firm had revenue of $64.56 million during the quarter. Hardinge had a return on equity of 2.62% and a net margin of 0.42%. Equities research analysts anticipate that Hardinge will post $0.11 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, May 26th. Hardinge’s dividend payout ratio (DPR) is presently 88.90%.

In related news, Director Ryan Levenson acquired 7,500 shares of the stock in a transaction dated Tuesday, March 7th. The stock was purchased at an average cost of $10.80 per share, with a total value of $81,000.00. Following the completion of the purchase, the director now directly owns 1,632 shares in the company, valued at approximately $17,625.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard L. Simons sold 3,900 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $11.87, for a total value of $46,293.00. Following the completion of the sale, the chief executive officer now directly owns 56,752 shares of the company’s stock, valued at $673,646.24. The disclosure for this sale can be found here. Over the last three months, insiders bought 24,079 shares of company stock valued at $258,907. Company insiders own 3.00% of the company’s stock. Hardinge Company Profile

Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HDNG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment