Media coverage about Turtle Beach (NASDAQ:HEAR) has been trending somewhat negative on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turtle Beach earned a news impact score of 0.00 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.6031692401401 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
HEAR has been the subject of several research analyst reports. Zacks Investment Research lowered Turtle Beach from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine lowered Turtle Beach from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st.
Turtle Beach (NASDAQ:HEAR) remained flat at $$0.44 on Thursday. The stock had a trading volume of 254,800 shares, compared to its average volume of 237,186. The firm has a market cap of $21.68, a price-to-earnings ratio of -4.00 and a beta of 0.99. Turtle Beach has a 12-month low of $0.42 and a 12-month high of $1.60. The company has a debt-to-equity ratio of -0.74, a current ratio of 1.06 and a quick ratio of 0.42.
Turtle Beach (NASDAQ:HEAR) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $35.98 million during the quarter, compared to analyst estimates of $39.85 million. equities research analysts predict that Turtle Beach will post -0.06 earnings per share for the current year.
In other news, insider Frederick J. Romano sold 1,200,000 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $0.73, for a total transaction of $876,000.00. Following the sale, the insider now owns 3,433,489 shares of the company’s stock, valued at approximately $2,506,446.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juergen M. Stark purchased 83,333 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were purchased at an average cost of $0.54 per share, for a total transaction of $44,999.82. The disclosure for this purchase can be found here. Insiders own 59.60% of the company’s stock.
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About Turtle Beach
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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