Lionbridge Technologies Inc. (LIOX) Sees Strong Trading Volume
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares saw unusually-strong trading volume on Monday . Approximately 730,315 shares were traded during trading, an increase of 98% from the previous session’s volume of 369,686 shares.The stock last traded at $4.65 and had previously closed at $4.53.
A number of research analysts recently commented on LIOX shares. Zacks Investment Research upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Tuesday, May 10th. B. Riley reiterated a “buy” rating and set a $6.75 price objective on shares of Lionbridge Technologies in a research note on Thursday, May 12th. TheStreet lowered shares of Lionbridge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd. Finally, Barrington Research lowered their price objective on shares of 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 of $4.34 and a 200-day moving average of $4.53. The firm has a market cap of $272.10 million and a PE ratio of 28.88.
Lionbridge Technologies (NASDAQ:LIOX) last posted its earnings results on Thursday, August 4th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. The company had revenue of $144.20 million for the quarter, compared to analyst estimates of $146.35 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Lionbridge Technologies Inc. will post $0.62 EPS for the current year.
An institutional investor recently raised its position in Lionbridge Technologies stock. Dimensional Fund Advisors LP raised its position in shares of Lionbridge Technologies Inc. (NASDAQ:LIOX) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting 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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