Hardinge (NASDAQ:HDNG) Getting Somewhat Favorable Press Coverage, Analysis Shows
News stories about Hardinge (NASDAQ:HDNG) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hardinge earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.7975659884421 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
HDNG has been the topic of several recent analyst reports. ValuEngine raised Hardinge from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet cut Hardinge from a “c” rating to a “d+” rating in a research note on Friday, May 5th.
Hardinge (HDNG) traded down 0.28% during mid-day trading on Tuesday, hitting $14.12. The company had a trading volume of 25,213 shares. The stock has a market capitalization of $182.64 million, a PE ratio of 486.90 and a beta of 0.93. The stock has a 50 day moving average price of $12.42 and a 200-day moving average price of $11.35. Hardinge has a 1-year low of $8.24 and a 1-year high of $14.38.
Hardinge (NASDAQ:HDNG) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. Hardinge had a net margin of 0.94% and a return on equity of 4.61%. The company had revenue of $78.20 million for the quarter. On average, analysts forecast that Hardinge will post $0.11 earnings per share for the current year.
In other news, insider Charles P. Dougherty acquired 5,000 shares of Hardinge stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average cost of $12.68 per share, with a total value of $63,400.00. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $63,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard L. Simons sold 3,900 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $11.87, for a total transaction of $46,293.00. Following the completion of the sale, the chief executive officer now directly owns 56,752 shares in the company, valued at $673,646.24. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
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