Ikonics Corporation (IKNX) Receiving Somewhat Favorable Media Coverage, Report Finds
News articles about Ikonics Corporation (NASDAQ:IKNX) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of 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 positive one, with scores nearest to one being the most favorable. Ikonics Corporation earned a news impact score of 0.02 on Accern’s scale. Accern also gave news articles about the specialty chemicals company an impact score of 47.2522590925132 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- IKONICS CORP : Regulation FD Disclosure (form 8-K) (4-traders.com)
- Nuveen Asset Management LLC Sells 424652 Shares of Wells Fargo & Company (topactu.net)
- Well Done LLC Has $563000 Position in Wells Fargo & Company (newstrendstoday.com)
- Ikonics Corporation (IKNX) Insider Joseph R. Nerges Sells 3,550 Shares (americanbankingnews.com)
Ikonics Corporation (NASDAQ IKNX) traded up 1.40% during mid-day trading on Friday, hitting $8.67. 4,758 shares of the stock were exchanged. The firm has a 50-day moving average price of $8.81 and a 200-day moving average price of $9.10. The stock’s market capitalization is $17.49 million. Ikonics Corporation has a 12-month low of $7.40 and a 12-month high of $12.00.
Ikonics Corporation (NASDAQ:IKNX) last announced its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported ($0.05) EPS for the quarter. Ikonics Corporation had a negative net margin of 2.24% and a negative return on equity of 2.99%. The firm had revenue of $4.69 million during the quarter.
Ikonics Corporation declared that its board has authorized a share buyback plan on Tuesday, June 6th that authorizes the company to repurchase 250,000 outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, insider Joseph R. Nerges sold 3,550 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $8.78, for a total value of $31,169.00. Following the transaction, the insider now owns 382,996 shares in the company, valued at $3,362,704.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph R. Nerges sold 14,200 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $7.81, for a total value of $110,902.00. Following the completion of the transaction, the insider now owns 418,863 shares in the company, valued at approximately $3,271,320.03. The disclosure for this sale can be found here. Insiders sold 22,783 shares of company stock worth $180,573 in the last 90 days. Corporate insiders own 24.26% of the company’s stock.
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About Ikonics Corporation
IKONICS Corporation is engaged in the development and manufacturing of photochemical imaging systems for sale primarily to a range of printers and decorators of surfaces. The Company has five operating segments: Domestic, Export, IKONICS Imaging, Digital Texturing (DTX) and Advanced Material Solutions (AMS).
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