Somewhat Positive Media Coverage Somewhat Unlikely to Affect Safeguard Scientifics (SFE) Stock Price
Media stories about Safeguard Scientifics (NYSE:SFE) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safeguard Scientifics earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 46.6389318839688 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities research analysts recently issued reports on SFE shares. BidaskClub upgraded Safeguard Scientifics from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Safeguard Scientifics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine upgraded Safeguard Scientifics from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
Shares of Safeguard Scientifics (SFE) opened at 14.10 on Thursday. The company’s market capitalization is $287.82 million. Safeguard Scientifics has a 1-year low of $10.60 and a 1-year high of $14.30. The firm’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.20.
Safeguard Scientifics (NYSE:SFE) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported ($1.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.11) by ($0.32). During the same quarter in the previous year, the company earned $1.92 EPS. Equities analysts predict that Safeguard Scientifics will post ($3.49) EPS for the current fiscal year.
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About Safeguard Scientifics
Safeguard Scientifics, Inc is engaged in providing capital to technology companies within the fields of healthcare, financial services and digital media. The Company holds interest in companies, which it refers to as partner companies. As of December 31, 2016, the Company held interests in 29 non-consolidated partner companies.
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