Headlines about Avid Technology (NASDAQ:AVID) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 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. Avid Technology earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.7423797368053 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
Avid Technology (AVID) traded up $0.03 during trading hours on Friday, reaching $5.63. The company had a trading volume of 208,222 shares, compared to its average volume of 562,215. The firm has a market capitalization of $231.88, a price-to-earnings ratio of -31.28 and a beta of 1.80. Avid Technology has a 52-week low of $3.99 and a 52-week high of $7.65. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of -0.71.
Several research analysts recently weighed in on AVID shares. Zacks Investment Research raised Avid Technology from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, November 15th. Dougherty & Co lowered Avid Technology from a “neutral” rating to a “sell” rating and set a $4.50 price target on the stock. in a research report on Thursday, December 7th. Finally, ValuEngine lowered Avid Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
In other Avid Technology news, Director Robert M. Bakish purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average cost of $6.00 per share, with a total value of $120,000.00. Following the completion of the transaction, the director now owns 693,058 shares of the company’s stock, valued at $4,158,348. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.50% of the stock is currently owned by insiders.
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About Avid Technology
Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
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