Somewhat Critical Media Coverage Unlikely to Impact Xerium Technologies (XRM) Share Price
News coverage about Xerium Technologies (NYSE:XRM) has trended somewhat negative on Friday, Alpha One reports. The research firm, a division of Accern, identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xerium Technologies earned a media sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave media headlines about the industrial products company an impact score of 37 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the near future.
Shares of Xerium Technologies (NYSE:XRM) opened at 7.19 on Friday. The stock’s 50 day moving average is $7.06 and its 200-day moving average is $6.04. The firm’s market capitalization is $116.24 million. Xerium Technologies has a 52-week low of $4.68 and a 52-week high of $9.16.
Xerium Technologies (NYSE:XRM) last issued its quarterly earnings data on Monday, May 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.04. The firm had revenue of $119.87 million for the quarter. Xerium Technologies had a negative net margin of 4.83% and a negative return on equity of 2.20%. On average, equities analysts forecast that Xerium Technologies will post $0.43 earnings per share for the current fiscal year.
In other news, Director Jay J. Gurandiano sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $6.99, for a total value of $83,880.00. Following the completion of the transaction, the director now owns 52,917 shares in the company, valued at $369,889.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay J. Gurandiano sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $7.01, for a total transaction of $28,040.00. Following the completion of the transaction, the director now owns 48,917 shares of the company’s stock, valued at approximately $342,908.17. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.
Xerium Technologies Company Profile
Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.
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