Friedman Industries (NYSE:FRD) Receives Media Impact Score of 0.20
Media coverage about Friedman Industries (NYSE:FRD) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 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. Friedman Industries earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.332014612829 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Friedman Industries (NYSE:FRD) traded up 1.42% on Tuesday, reaching $5.36. 19,767 shares of the company’s stock were exchanged. The stock’s market cap is $37.57 million. The firm has a 50 day moving average of $5.50 and a 200-day moving average of $6.06. Friedman Industries has a one year low of $5.00 and a one year high of $7.29.
Friedman Industries (NYSE:FRD) last issued its quarterly earnings results on Thursday, June 29th. The company reported ($0.06) earnings per share for the quarter. Friedman Industries had a negative return on equity of 2.50% and a negative net margin of 1.79%. The company had revenue of $21.06 million for the quarter. Equities research analysts forecast that Friedman Industries will post $1.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, July 14th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, July 12th.
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Friedman Industries Company Profile
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.
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