Lionbridge Technologies Inc. (LIOX) Sees Unusually-High Trading Volume
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares saw unusually-high trading volume on Wednesday . Approximately 365,552 shares changed hands during trading, an increase of 7% from the previous session’s volume of 340,745 shares.The stock last traded at $4.60 and had previously closed at $4.53.
LIOX has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $6.75 price objective on shares of Lionbridge Technologies in a research note on Friday, May 6th. TheStreet raised Lionbridge Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 30th. Zacks Investment Research raised Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Tuesday, May 10th. Finally, Barrington Research decreased their price target 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 stock has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.51. The firm has a market cap of $271.00 million and a PE ratio of 23.82.
Lionbridge Technologies (NASDAQ:LIOX) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.03. During the same period in the previous year, the business posted $0.14 EPS. The firm earned $136.50 million during the quarter, compared to the consensus estimate of $138.01 million. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Lionbridge Technologies Inc. will post $0.62 earnings per share for the current year.
In other Lionbridge Technologies news, CEO Rory J. Cowan acquired 21,052 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was acquired at an average price of $4.38 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Lionbridge Technologies stock. Dimensional Fund Advisors LP raised its stake in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,036,108 shares of the company’s stock after buying an additional 80,305 shares during the period. Dimensional Fund Advisors LP owned about 3.36% of Lionbridge Technologies worth $9,997,000 at the end of the most recent 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.
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