Somewhat Positive News Coverage Somewhat Unlikely to Affect Tejon Ranch (NYSE:TRC) Stock Price
News headlines about Tejon Ranch (NYSE:TRC) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tejon Ranch earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8009961787127 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, TheStreet downgraded shares of Tejon Ranch from a “c” rating to a “d+” rating in a report on Monday, April 10th.
Tejon Ranch (NYSE:TRC) traded up 0.29% during mid-day trading on Wednesday, hitting $21.05. 58,538 shares of the stock were exchanged. The stock’s market cap is $438.98 million. Tejon Ranch has a 52-week low of $19.90 and a 52-week high of $27.99. The stock’s 50 day moving average is $20.88 and its 200 day moving average is $22.30.
Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Monday, May 8th. The financial services provider reported ($0.09) earnings per share for the quarter. The business had revenue of $5.70 million during the quarter. Tejon Ranch had a negative return on equity of 0.96% and a negative net margin of 6.66%.
About Tejon Ranch
Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.
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