Lionbridge Technologies Inc. (LIOX) Sees Strong Trading Volume
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares saw unusually-strong trading volume on Thursday . Approximately 349,611 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 241,778 shares.The stock last traded at $3.93 and had previously closed at $3.95.
A number of equities analysts have commented on LIOX shares. TheStreet raised shares of Lionbridge Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. B. Riley reaffirmed a “buy” rating and issued a $6.75 price objective on shares of Lionbridge Technologies in a report on Friday, May 6th. Barrington Research decreased their price objective on shares of Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, May 9th. Finally, Zacks Investment Research raised shares of Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Tuesday, May 10th.
The stock’s 50-day moving average is $4.19 and its 200 day moving average is $4.52. The stock has a market capitalization of $234.07 million and a P/E ratio of 20.58.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.03. During the same period in the prior year, the firm earned $0.14 earnings per share. The business earned $136.50 million during the quarter, compared to analysts’ expectations of $138.01 million. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that Lionbridge Technologies Inc. will post $0.62 EPS for the current year.
In related news, CEO Rory J. Cowan bought 21,052 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $4.38 per share, with a total value of $92,207.76. Following the completion of the transaction, the chief executive officer now directly owns 4,595,818 shares of the company’s stock, valued at $20,129,682.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Lionbridge Technologies by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,036,108 shares of the company’s stock worth $9,997,000 after buying an additional 80,305 shares during the period. Buckhead Capital Management LLC raised its position in shares of Lionbridge Technologies by 49.9% in the fourth quarter. Buckhead Capital Management LLC now owns 207,039 shares of the company’s stock worth $1,017,000 after buying an additional 68,951 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Lionbridge Technologies by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 257,649 shares of the company’s stock worth $1,268,000 after buying an additional 659 shares during the period.
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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