Lionbridge Technologies Inc. (LIOX) Sees Large Volume Increase
Shares of Lionbridge Technologies Inc. (NASDAQ:LIOX) saw an uptick in trading volume on Friday . 840,230 shares traded hands during trading, an increase of 150% from the previous session’s volume of 336,522 shares.The stock last traded at $4.51 and had previously closed at $4.59.
Several research firms have recently commented on LIOX. Barrington Research lowered their price target on shares of Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, May 9th. TheStreet lowered shares of Lionbridge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. B. Riley restated a “buy” rating and set a $6.75 price target on shares of Lionbridge Technologies in a research report on Friday, May 6th. Finally, Zacks Investment Research upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Tuesday, May 10th.
The firm has a 50 day moving average of $4.27 and a 200-day moving average of $4.52. The company has a market capitalization of $268.62 million and a price-to-earnings ratio of 23.61.
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. During the same period last year, the firm posted $0.14 EPS. The company 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 forecast 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 stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $4.38 per share, for a total transaction of $92,207.76. Following the completion of the transaction, the chief executive officer now directly owns 4,595,818 shares in the company, valued at $20,129,682.84. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Lionbridge Technologies stock. Buckhead Capital Management LLC increased its position in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 49.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 207,039 shares of the company’s stock after buying an additional 68,951 shares during the period. Buckhead Capital Management LLC owned 0.34% of Lionbridge Technologies worth $1,017,000 as of its most recent SEC filing.
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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