Safeguard Scientifics (NYSE:SFE) Receiving Somewhat Favorable News Coverage, Report Finds
News stories about Safeguard Scientifics (NYSE:SFE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safeguard Scientifics earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.9269703275129 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Safeguard Scientifics (NYSE:SFE) opened at 11.90 on Tuesday. Safeguard Scientifics has a 52 week low of $10.60 and a 52 week high of $14.38. The company’s market capitalization is $242.91 million. The firm has a 50-day moving average price of $11.93 and a 200-day moving average price of $12.11.
Safeguard Scientifics (NYSE:SFE) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported ($1.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.11) by $0.32. During the same quarter last year, the company earned $1.92 earnings per share. Analysts anticipate that Safeguard Scientifics will post ($3.49) EPS for the current fiscal year.
A number of equities analysts have weighed in on SFE shares. ValuEngine lowered Safeguard Scientifics from a “sell” rating to a “strong sell” rating in a research note on Monday. Zacks Investment Research lowered Safeguard Scientifics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Safeguard Scientifics from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
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About Safeguard Scientifics
Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.
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