Lionbridge Technologies Inc. (LIOX) Shares Up 4.5%
Lionbridge Technologies Inc. (NASDAQ:LIOX)’s share price shot up 4.5% during trading on Monday . The company traded as high as $4.70 and last traded at $4.67, with a volume of 222,941 shares. The stock had previously closed at $4.47.
A number of research firms recently commented on LIOX. Zacks Investment Research lowered Lionbridge Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. TheStreet lowered Lionbridge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd. B. Riley reaffirmed a “buy” rating and issued a $6.75 price objective on shares of Lionbridge Technologies in a research note on Thursday, May 12th. Finally, Barrington Research cut their price objective on Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, May 9th.
The firm has a market cap of $276.10 million and a PE ratio of 24.2702. The stock’s 50-day moving average is $4.21 and its 200 day moving average is $4.51.
Lionbridge Technologies (NASDAQ:LIOX) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.03. During the same quarter in the prior year, the firm posted $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 quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Lionbridge Technologies Inc. will post $0.62 EPS for the current year.
In other news, CEO Rory J. Cowan acquired 21,052 shares of Lionbridge Technologies stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink.
Several institutional investors have recently made changes to their positions in the stock. 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 valued at $1,017,000 after buying an additional 68,951 shares during the period. 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 valued at $1,268,000 after buying an additional 659 shares during the period. Finally, 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 valued at $9,997,000 after buying an additional 80,305 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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