Layne Christensen (LAYN) Receives Coverage Optimism Rating of 0.10

News coverage about Layne Christensen (NASDAQ:LAYN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media 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. Layne Christensen earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.5098743217436 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

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

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Shares of LAYN stock opened at $14.80 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market capitalization of $294.77, a price-to-earnings ratio of -8.41 and a beta of 0.47. Layne Christensen has a 52 week low of $6.98 and a 52 week high of $16.96.

Several brokerages have commented on LAYN. TheStreet upgraded shares of Layne Christensen from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. BidaskClub cut shares of Layne Christensen from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, Zacks Investment Research upgraded shares of Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $11.00.

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About Layne Christensen

Layne Christensen Company operates as a water management, construction, and drilling company that provides solutions for the water, mineral, and energy markets in the United States and internationally. The company's Water Resources segment offers water-related products and services, including hydrologic design and construction; source of supply exploration; well and intake construction; and well and pump rehabilitation services.

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