Inseego (NASDAQ:INSG) Given Daily Media Sentiment Rating of 0.21

News coverage about Inseego (NASDAQ:INSG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Inseego earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.0305651877456 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Inseego (INSG) traded up $0.07 during trading on Thursday, hitting $1.69. 111,141 shares of the company traded hands, compared to its average volume of 155,293. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of -2.59. Inseego has a one year low of $0.87 and a one year high of $3.23. The company has a market capitalization of $98.50, a PE ratio of -1.39 and a beta of 0.27.

Several analysts have issued reports on the company. ValuEngine downgraded Inseego from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded Inseego from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Northland Securities restated a “buy” rating and set a $2.00 price objective on shares of Inseego in a report on Sunday, October 1st. Finally, Canaccord Genuity lifted their price target on shares of Inseego from $1.50 to $1.75 and gave the company a “hold” rating in a research report on Friday, November 3rd.

In other news, Chairman Philip Falcone sold 91,023 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $1.33, for a total transaction of $121,060.59. Following the transaction, the chairman now owns 28,333 shares in the company, valued at $37,682.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by corporate insiders.

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About Inseego

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

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