ModusLink Global Solutions (MLNK) Given Media Sentiment Score of 0.15
News articles about ModusLink Global Solutions (NASDAQ:MLNK) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ModusLink Global Solutions earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.5962635556274 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, Robert W. Baird cut ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $8.00 in a research note on Thursday, June 8th.
ModusLink Global Solutions (NASDAQ:MLNK) traded down 3.13% during trading on Tuesday, hitting $1.55. The stock had a trading volume of 31,290 shares. The stock’s market cap is $85.65 million. ModusLink Global Solutions has a 12 month low of $1.16 and a 12 month high of $2.08. The stock has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.65.
ModusLink Global Solutions (NASDAQ:MLNK) last issued its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share for the quarter. ModusLink Global Solutions had a negative return on equity of 47.50% and a negative net margin of 8.26%. The business had revenue of $97.95 million during the quarter.
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About ModusLink Global Solutions
ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.
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