Lionbridge Technologies Inc. (LIOX) Stock Price Down 1.6%
Shares of Lionbridge Technologies Inc. (NASDAQ:LIOX) dropped 1.6% during mid-day trading on Thursday . The company traded as low as $4.75 and last traded at $4.78, with a volume of 111,155 shares trading hands. The stock had previously closed at $4.86.
LIOX has been the subject of a number of research reports. Zacks Investment Research raised Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, May 10th. B. Riley reissued a “buy” rating and set a $6.75 price objective on shares of Lionbridge Technologies in a research report on Thursday, May 12th. TheStreet cut Lionbridge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. 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 report on Monday, May 9th.
The company has a market cap of $283.80 million and a P/E ratio of 30.12. The firm’s 50-day moving average is $4.49 and its 200-day moving average is $4.55.
Lionbridge Technologies (NASDAQ:LIOX) last issued its earnings results on Thursday, August 4th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by $0.03. The business had revenue of $144.20 million for the quarter, compared to the consensus estimate of $146.35 million. During the same period last year, the firm earned $0.19 EPS. The business’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Lionbridge Technologies Inc. will post $0.56 EPS for the current year.
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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