Somewhat Positive Press Coverage Somewhat Unlikely to Affect Clarus Corp (BDE) Stock Price
Press coverage about Clarus Corp (NASDAQ:BDE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clarus Corp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.3399319985697 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have recently weighed in on BDE. Zacks Investment Research downgraded Clarus Corp from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus upgraded Clarus Corp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $8.00 in a report on Wednesday, August 2nd. Finally, Roth Capital set a $7.00 price objective on Clarus Corp and gave the company a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Clarus Corp presently has a consensus rating of “Hold” and a consensus target price of $7.42.
Clarus Corp (NASDAQ BDE) traded up 0.76% during trading on Thursday, reaching $6.65. The company’s stock had a trading volume of 225,449 shares. The stock has a 50 day moving average price of $6.89 and a 200 day moving average price of $6.16. Clarus Corp has a 1-year low of $4.66 and a 1-year high of $7.60.
Clarus Corp (NASDAQ:BDE) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). Clarus Corp had a negative net margin of 11.91% and a negative return on equity of 9.29%. The company had revenue of $30.70 million during the quarter, compared to analyst estimates of $30.63 million. During the same period in the prior year, the business earned ($0.08) EPS. Clarus Corp’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Clarus Corp will post $0.07 EPS for the current year.
Clarus Corp Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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