Media coverage about Materion Corporation (NYSE:MTRN) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Materion Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.8778734899867 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
A number of equities research analysts have recently issued reports on MTRN shares. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 target price on shares of Materion Corporation in a research report on Thursday, October 12th. BidaskClub raised Materion Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Zacks Investment Research downgraded Materion Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th.
Materion Corporation (NYSE MTRN) traded up 4.02% on Friday, hitting $49.15. The stock had a trading volume of 17,015 shares. The company has a 50-day moving average price of $41.13 and a 200-day moving average price of $37.73. Materion Corporation has a 1-year low of $29.20 and a 1-year high of $49.40. The stock has a market capitalization of $984.87 million, a price-to-earnings ratio of 39.67 and a beta of 1.14.
Materion Corporation (NYSE:MTRN) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. Materion Corporation had a return on equity of 5.96% and a net margin of 2.47%. The business had revenue of $294.27 million for the quarter, compared to analysts’ expectations of $290.96 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 17.9% on a year-over-year basis. Equities analysts predict that Materion Corporation will post $1.52 earnings per share for the current year.
In related news, VP Gregory R. Chemnitz sold 3,000 shares of Materion Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.29, for a total transaction of $114,870.00. Following the sale, the vice president now directly owns 18,052 shares in the company, valued at $691,211.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.
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About Materion Corporation
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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