Favorable Media Coverage Somewhat Unlikely to Affect Wright Medical Group (WMGI) Share Price

Media headlines about Wright Medical Group (NASDAQ:WMGI) have been trending positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wright Medical Group earned a daily sentiment score of 0.43 on Accern’s scale. Accern also gave media headlines about the medical device company an impact score of 45.6152615465612 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

WMGI has been the subject of a number of research reports. TheStreet downgraded Wright Medical Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. BidaskClub upgraded Wright Medical Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Cantor Fitzgerald set a $30.00 price objective on Wright Medical Group and gave the stock a “buy” rating in a report on Monday, January 8th. ValuEngine downgraded Wright Medical Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BMO Capital Markets decreased their price objective on Wright Medical Group from $34.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.89.

Wright Medical Group (WMGI) opened at $20.04 on Tuesday. Wright Medical Group has a twelve month low of $19.04 and a twelve month high of $31.53. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $2,083.95, a price-to-earnings ratio of -7.56, a PEG ratio of 150.97 and a beta of 0.60.

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Wright Medical Group Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

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