Media coverage about Cree (NASDAQ:CREE) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cree earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the LED producer an impact score of 46.0697521988894 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

Shares of Cree (CREE) traded up 0.83% during midday trading on Friday, reaching $24.19. The company had a trading volume of 482,998 shares. Cree has a one year low of $20.75 and a one year high of $31.64. The company has a 50-day moving average price of $25.49 and a 200 day moving average price of $25.49. The company’s market capitalization is $2.35 billion.

CREE has been the topic of a number of research reports. Roth Capital reaffirmed a “buy” rating and set a $29.00 target price (up from $27.00) on shares of Cree in a research report on Tuesday, June 20th. Canaccord Genuity reiterated a “hold” rating and set a $23.00 price target on shares of Cree in a report on Friday, April 21st. BidaskClub upgraded Cree from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 price target (down previously from $28.00) on shares of Cree in a report on Saturday, April 29th. Finally, Cowen and Company reiterated a “market perform” rating on shares of Cree in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.00.

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About Cree

Cree, Inc is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company’s products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems.

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