Media stories about Otter Tail (NASDAQ:OTTR) have trended somewhat positive on Monday, 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 -1 to 1, with scores closest to one being the most favorable. Otter Tail earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.7936513919887 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 news stories that may have effected Accern Sentiment’s analysis:
Otter Tail (NASDAQ:OTTR) traded down $1.60 during trading on Monday, reaching $40.40. The company’s stock had a trading volume of 111,528 shares, compared to its average volume of 99,734. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The stock has a market capitalization of $1,661.41, a price-to-earnings ratio of 22.44 and a beta of 0.71. Otter Tail has a one year low of $35.65 and a one year high of $48.65.
A number of analysts recently issued reports on the company. BidaskClub lowered Otter Tail from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. KeyCorp reiterated a “hold” rating on shares of Otter Tail in a report on Friday, October 20th. Zacks Investment Research upgraded Otter Tail from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Tuesday, November 7th. Finally, Sidoti lowered Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.00.
In other Otter Tail news, Director John D. Erickson sold 2,400 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.55, for a total transaction of $109,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP George A. Koeck sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total value of $139,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is owned by company insiders.
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About Otter Tail
Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).
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