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 mid-day 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 subject of several analyst reports. TheStreet upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 30th. B. Riley reiterated a “buy” rating and set a $6.75 price objective on shares of Lionbridge Technologies in a research report on Friday, May 6th. Barrington Research lowered 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. Finally, Zacks Investment Research upgraded shares of 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.
The company has a market capitalization of $270.40 million and a price-to-earnings ratio of 23.77. The stock has a 50-day moving average price of $4.24 and a 200-day moving average price of $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. The company had revenue of $136.50 million for the quarter, compared to analyst estimates of $138.01 million. During the same quarter in the prior year, the business posted $0.14 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Lionbridge Technologies Inc. will post $0.62 earnings per share for the current year.
In other Lionbridge Technologies news, CEO Rory J. Cowan bought 21,052 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $4.38 per share, for a total transaction of $92,207.76. Following the acquisition, the chief executive officer now owns 4,595,818 shares in the company, valued at approximately $20,129,682.84. The purchase was disclosed in a filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Lionbridge Technologies stock. Buckhead Capital Management LLC boosted 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 firm owned 207,039 shares of the company’s stock after buying an additional 68,951 shares during the period. Buckhead Capital Management LLC owned about 0.34% of Lionbridge Technologies worth $1,017,000 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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