Lionbridge Technologies Inc. (LIOX) Stock Rating Lowered by Zacks Investment Research
Lionbridge Technologies Inc. (NASDAQ:LIOX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
According to Zacks, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. “
Separately, B. Riley reissued a “buy” rating and set a $6.00 target price on shares of Lionbridge Technologies in a report on Monday, November 7th.
Lionbridge Technologies (NASDAQ:LIOX) opened at 4.90 on Friday. The firm has a market capitalization of $283.55 million, a price-to-earnings ratio of 29.34 and a beta of 1.43. The stock’s 50 day moving average price is $4.81 and its 200 day moving average price is $4.58. Lionbridge Technologies has a 52-week low of $3.90 and a 52-week high of $5.57.
Lionbridge Technologies (NASDAQ:LIOX) last released its earnings results on Tuesday, November 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. The company had revenue of $135.20 million for the quarter, compared to analyst estimates of $137.06 million. Lionbridge Technologies had a return on equity of 26.91% and a net margin of 1.77%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities analysts anticipate that Lionbridge Technologies will post $0.51 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in LIOX. Paloma Partners Management Co acquired a new stake in shares of Lionbridge Technologies during the second quarter valued at $101,000. Aperio Group LLC increased its position in Lionbridge Technologies by 14.2% in the third quarter. Aperio Group LLC now owns 22,867 shares of the company’s stock valued at $114,000 after buying an additional 2,851 shares in the last quarter. First Trust Advisors LP increased its position in Lionbridge Technologies by 4.1% in the third quarter. First Trust Advisors LP now owns 30,462 shares of the company’s stock valued at $152,000 after buying an additional 1,213 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in Lionbridge Technologies by 76.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 30,425 shares of the company’s stock valued at $152,000 after buying an additional 13,145 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in Lionbridge Technologies by 5.2% in the second quarter. Spark Investment Management LLC now owns 40,400 shares of the company’s stock valued at $159,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 67.27% of the company’s stock.
Lionbridge Technologies Company Profile
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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