News stories about RigNet (NASDAQ:RNET) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press 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. RigNet earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the Wireless communications provider an impact score of 45.20218068971 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

RigNet (NASDAQ:RNET) traded up $1.05 on Wednesday, hitting $16.00. The stock had a trading volume of 41,100 shares, compared to its average volume of 44,800. The stock has a market capitalization of $272.47, a price-to-earnings ratio of -20.25 and a beta of 0.90. RigNet has a one year low of $14.01 and a one year high of $23.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.98 and a quick ratio of 1.97.

A number of equities research analysts have recently commented on RNET shares. BidaskClub upgraded RigNet from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. ValuEngine downgraded RigNet from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. RigNet has a consensus rating of “Hold” and a consensus target price of $19.33.

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RigNet Company Profile

RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).

Insider Buying and Selling by Quarter for RigNet (NASDAQ:RNET)

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