Somewhat Positive Media Coverage Somewhat Unlikely to Impact Straight Path Communications (STRP) Stock Price
News headlines about Straight Path Communications (NASDAQ:STRP) have trended somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog 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. Straight Path Communications earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.2803338742519 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Straight Path Communications (STRP) opened at 179.39 on Thursday. The company’s 50-day moving average price is $179.24 and its 200-day moving average price is $126.25. The stock’s market cap is $2.28 billion. Straight Path Communications has a 12-month low of $20.29 and a 12-month high of $235.88.
Straight Path Communications (NASDAQ:STRP) last released its quarterly earnings data on Friday, June 9th. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.28. The firm had revenue of $0.17 million during the quarter, compared to analyst estimates of $0.17 million. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts expect that Straight Path Communications will post ($3.19) EPS for the current fiscal year.
In related news, Director K Chris Todd sold 24,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $180.09, for a total value of $4,322,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David L. Breau sold 1,935 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $179.85, for a total value of $348,009.75. Following the completion of the sale, the general counsel now owns 29,097 shares of the company’s stock, valued at $5,233,095.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 434,562 shares of company stock valued at $78,018,264.
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About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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