Somewhat Positive Press Coverage Somewhat Unlikely to Impact Crossroads Systems (CRDS) Stock Price
Headlines about Crossroads Systems (NASDAQ:CRDS) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crossroads Systems earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.5217746286231 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Crossroads Systems (NASDAQ CRDS) traded down 12.80% during mid-day trading on Friday, hitting $1.90. 75,412 shares of the company were exchanged. Crossroads Systems has a 12 month low of $1.45 and a 12 month high of $7.42. The firm has a 50 day moving average price of $2.03 and a 200 day moving average price of $2.74.
Separately, ValuEngine upgraded shares of Crossroads Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
About Crossroads Systems
Crossroads Systems, Inc is an intellectual property licensing company. The Company’s intellectual property assets are identified in two distinct categories: the first category is known as the 972 patent family and the second category is known as the non-972 patents. As of October 31, 2016, the 972 patent family consisted of 31 patents and pending patents that are primarily concentrated around access controls.
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