Lionbridge Technologies Inc. (LIOX) Sees Strong Trading Volume
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares saw strong trading volume on Thursday . 349,611 shares were traded during 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 research analysts have recently issued reports on the company. TheStreet raised Lionbridge Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. Zacks Investment Research lowered Lionbridge Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. B. Riley reaffirmed a “buy” rating and set a $6.75 target price on shares of Lionbridge Technologies in a research report on Thursday, May 12th. Finally, Barrington Research cut their target price on Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, May 9th.
The firm has a market cap of $243.00 million and a PE ratio of 21.36. The firm’s 50-day moving average is $4.19 and its 200-day moving average is $4.52.
Lionbridge Technologies (NASDAQ:LIOX) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.03. The business earned $136.50 million during the quarter, compared to analysts’ expectations of $138.01 million. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. On average, equities research analysts predict that Lionbridge Technologies Inc. will post $0.62 EPS for the current fiscal year.
In other news, CEO Rory J. Cowan acquired 21,052 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were purchased at an average cost of $4.38 per share, for a total transaction of $92,207.76. Following the transaction, the chief executive officer now owns 4,595,818 shares of the company’s stock, valued at $20,129,682.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
A number of hedge funds and institutional investors have recently made changes to their positions in the stock. 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 last quarter. Buckhead Capital Management LLC raised its position in Lionbridge Technologies by 49.9% in the fourth quarter. Buckhead Capital Management LLC now owns 207,039 shares of the company’s stock valued at $1,017,000 after buying an additional 68,951 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Lionbridge Technologies by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,036,108 shares of the company’s stock valued at $9,997,000 after buying an additional 80,305 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.