Media headlines about Sun Hydraulics Corporation (NASDAQ:SNHY) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Hydraulics Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.3129789752773 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

SNHY has been the subject of several analyst reports. BidaskClub cut Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research cut Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th.

Shares of Sun Hydraulics Corporation (NASDAQ:SNHY) traded up 1.60% during trading on Monday, reaching $50.25. The company’s stock had a trading volume of 86,627 shares. Sun Hydraulics Corporation has a 52-week low of $28.45 and a 52-week high of $51.17. The stock has a market cap of $1.36 billion, a P/E ratio of 52.89 and a beta of 1.78. The stock has a 50-day moving average of $45.60 and a 200-day moving average of $40.98.

Sun Hydraulics Corporation (NASDAQ:SNHY) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The business had revenue of $89.30 million for the quarter, compared to the consensus estimate of $79.18 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 75.8% on a year-over-year basis. Analysts predict that Sun Hydraulics Corporation will post $1.56 earnings per share for the current fiscal year.

In other news, Director Christine L. Koski sold 19,140 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.26, for a total transaction of $904,556.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christine L. Koski sold 16,547 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $47.01, for a total value of $777,874.47. The disclosure for this sale can be found here. Insiders have sold 85,440 shares of company stock worth $4,070,619 in the last 90 days. Company insiders own 10.70% of the company’s stock.

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About Sun Hydraulics Corporation

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

Insider Buying and Selling by Quarter for Sun Hydraulics Corporation (NASDAQ:SNHY)

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