Jason Industries (JASN) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about Jason Industries (NASDAQ:JASN) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Jason Industries earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.4970969850735 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- Jason Industries, Inc. (NASDAQ:JASN) Announces Earnings Results (americanbankingnews.com)
- Edited Transcript of JASN earnings conference call or presentation 3-Aug-17 2:00pm GMT (finance.yahoo.com)
- Jason Industries Sales Down 7.1% in 2Q (mdm.com)
- Jason Industries Reports Second Quarter 2017 Results (globenewswire.com)
Separately, Zacks Investment Research upgraded Jason Industries from a “hold” rating to a “strong-buy” rating and set a $1.25 target price for the company in a research report on Thursday, July 20th.
Shares of Jason Industries (NASDAQ JASN) opened at 1.22 on Wednesday. Jason Industries has a 52-week low of $0.77 and a 52-week high of $2.57. The company’s market capitalization is $31.62 million. The stock’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.39.
Jason Industries (NASDAQ:JASN) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Jason Industries had a negative return on equity of 46.40% and a negative net margin of 9.80%. The business had revenue of $172.48 million for the quarter. On average, equities research analysts forecast that Jason Industries will post ($0.10) earnings per share for the current fiscal year.
In other Jason Industries news, major shareholder Wynnefield Partners Small Cap purchased 425,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $1.35 per share, with a total value of $573,750.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.00% of the company’s stock.
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Jason Industries Company Profile
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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