Lionbridge Technologies Inc. (LIOX) Trading Up 3.4%
Lionbridge Technologies Inc. (NASDAQ:LIOX)’s share price was up 3.4% on Monday . The company traded as high as $4.25 and last traded at $4.22, with a volume of 347,259 shares traded. The stock had previously closed at $4.08.
Several equities analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $6.75 price objective on shares of Lionbridge Technologies in a report on Thursday, May 12th. Zacks Investment Research cut shares of Lionbridge Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. TheStreet cut shares of Lionbridge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. Finally, Barrington Research cut their price objective 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.
The firm’s 50 day moving average price is $4.20 and its 200-day moving average price is $4.51. The stock has a market capitalization of $272.78 million and a price-to-earnings ratio of 23.98.
Lionbridge Technologies (NASDAQ:LIOX) last posted its earnings results on Thursday, May 5th. The company reported $0.09 earnings per share 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 analyst estimates of $138.01 million. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts forecast that Lionbridge Technologies Inc. will post $0.62 earnings per share for the current fiscal year.
In other Lionbridge Technologies news, CEO Rory J. Cowan purchased 21,052 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average price 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 in the company, valued at approximately $20,129,682.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Other hedge funds have modified their holdings of the company. Buckhead Capital Management LLC increased its stake 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 worth $1,017,000 after buying an additional 68,951 shares during the period. Wells Fargo & Company MN increased its stake 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 period. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $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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