Hardinge (HDNG) Receiving Somewhat Positive Media Coverage, Report Shows
Headlines about Hardinge (NASDAQ:HDNG) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hardinge earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.812157074216 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Hardinge (HDNG) traded down $0.21 on Friday, reaching $17.24. The company had a trading volume of 61,368 shares, compared to its average volume of 61,268. The company has a market cap of $223.22, a P/E ratio of 20.77 and a beta of 0.93. Hardinge has a 52 week low of $9.31 and a 52 week high of $18.00.
HDNG has been the topic of several recent analyst reports. ValuEngine raised Hardinge from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a research note on Monday, August 21st.
In other news, Director Richard R. Burkhart purchased 5,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $13.50 per share, for a total transaction of $67,500.00. Following the acquisition, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $211,410. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.50% of the company’s stock.
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
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