Favorable Press Coverage Somewhat Unlikely to Impact Alaska Communications Systems Group (NASDAQ:ALSK) Share Price

News articles about Alaska Communications Systems Group (NASDAQ:ALSK) have trended positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alaska Communications Systems Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.2028197787681 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Alaska Communications Systems Group (ALSK) traded up $0.03 during trading hours on Thursday, hitting $2.57. 90,829 shares of the company’s stock traded hands, compared to its average volume of 180,854. Alaska Communications Systems Group has a 12 month low of $1.60 and a 12 month high of $2.91. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $134.79, a price-to-earnings ratio of -85.67 and a beta of -0.19.

Separately, TheStreet upgraded shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a research note on Friday, January 5th.

In related news, CEO Anand Vadapalli sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $2.72, for a total transaction of $27,200.00. Following the transaction, the chief executive officer now owns 1,345,263 shares in the company, valued at $3,659,115.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 70,000 shares of company stock worth $176,200 in the last quarter. Company insiders own 6.53% of the company’s stock.

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About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.

Insider Buying and Selling by Quarter for Alaska Communications Systems Group (NASDAQ:ALSK)

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