Lionbridge Technologies Inc. (LIOX) Trading 3.7% Higher
Lionbridge Technologies Inc. (NASDAQ:LIOX) shares traded up 3.7% during trading on Wednesday . The company traded as high as $4.85 and last traded at $4.80, with a volume of 178,584 shares changing hands. The stock had previously closed at $4.63.
A number of brokerages recently issued reports on LIOX. Barrington Research decreased their target price on 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 cut Lionbridge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. B. Riley reissued a “buy” rating and issued a $6.75 target price on shares of Lionbridge Technologies in a research report on Friday, May 6th. Finally, Zacks Investment Research raised Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday, May 10th.
The firm has a 50 day moving average price of $4.39 and a 200-day moving average price of $4.54. The company has a market capitalization of $283.51 million and a P/E ratio of 30.093.
Lionbridge Technologies (NASDAQ:LIOX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. The business earned $144.20 million during the quarter, compared to the consensus estimate of $146.35 million. Lionbridge Technologies’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Equities analysts predict that Lionbridge Technologies Inc. will post $0.56 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Lionbridge Technologies stock. Dimensional Fund Advisors LP increased its position in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 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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