Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Acorn International (ATV) Stock Price
News coverage about Acorn International (NYSE:ATV) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news 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. Acorn International earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 48.4043511802641 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
ATV has been the topic of several recent research reports. ValuEngine downgraded shares of Acorn International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet downgraded shares of Acorn International from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th.
Shares of Acorn International (ATV) traded up $0.76 during midday trading on Tuesday, hitting $19.11. 979 shares of the company’s stock traded hands, compared to its average volume of 3,792. Acorn International has a 12 month low of $8.87 and a 12 month high of $21.84.
About Acorn International
Acorn International, Inc is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company’s business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform.
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