Turtle Beach Corporation (HEAR) Getting Somewhat Favorable Media Coverage, Accern Reports
Media coverage about Turtle Beach Corporation (NASDAQ:HEAR) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing 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. Turtle Beach Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.0984637101266 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Turtle Beach Corporation (NASDAQ:HEAR) opened at 0.8408 on Wednesday. The stock’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.80. Turtle Beach Corporation has a one year low of $0.56 and a one year high of $2.00. The stock’s market cap is $41.52 million.
Turtle Beach Corporation (NASDAQ:HEAR) last issued its quarterly earnings results on Thursday, August 10th. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03. The business had revenue of $19.11 million for the quarter, compared to the consensus estimate of $17.54 million. Turtle Beach Corporation had a negative return on equity of 830.32% and a negative net margin of 32.19%. On average, equities analysts predict that Turtle Beach Corporation will post ($0.07) earnings per share for the current fiscal year.
A number of analysts have recently issued reports on HEAR shares. Zacks Investment Research cut Turtle Beach Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley reiterated a “neutral” rating and set a $1.30 target price on shares of Turtle Beach Corporation in a report on Tuesday, July 18th. Finally, ValuEngine cut Turtle Beach Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
About Turtle Beach Corporation
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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