Media headlines about Shiloh Industries (NASDAQ:SHLO) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shiloh Industries earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.9249247989344 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shiloh Industries (NASDAQ SHLO) opened at 9.68 on Friday. The firm’s 50-day moving average is $9.83 and its 200 day moving average is $10.59. Shiloh Industries has a 12-month low of $6.50 and a 12-month high of $16.69. The stock has a market capitalization of $223.83 million, a P/E ratio of 31.74 and a beta of 2.15.
Shiloh Industries (NASDAQ:SHLO) last announced its earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Shiloh Industries had a net margin of 0.52% and a return on equity of 10.67%. The firm had revenue of $256.85 million during the quarter, compared to analyst estimates of $236.40 million. During the same period in the prior year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Shiloh Industries will post $0.60 earnings per share for the current year.
SHLO has been the subject of several recent analyst reports. ValuEngine cut shares of Shiloh Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Bank of America Corporation started coverage on shares of Shiloh Industries in a research note on Thursday, September 7th. They issued a “neutral” rating and a $9.50 price objective for the company. Finally, BMO Capital Markets started coverage on shares of Shiloh Industries in a report on Wednesday, August 16th. They set an “outperform” rating and a $11.00 target price for the company.
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In related news, Director Jean Brunol sold 10,189 shares of Shiloh Industries stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $10.37, for a total value of $105,659.93. The sale was disclosed in a document filed with the SEC, which is available at this link. 51.70% of the stock is currently owned by company insiders.
About Shiloh Industries
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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