Positive Press Coverage Somewhat Unlikely to Affect LRAD (LRAD) Share Price
Press coverage about LRAD (NASDAQ:LRAD) has trended positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by analyzing 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. LRAD earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the scientific and technical instruments company an impact score of 46.1637166933341 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of LRAD stock traded down $0.04 during mid-day trading on Thursday, reaching $2.38. 130,444 shares of the company were exchanged, compared to its average volume of 50,745. LRAD has a fifty-two week low of $1.30 and a fifty-two week high of $2.58. The company has a market capitalization of $79.01, a P/E ratio of 245.00 and a beta of 0.62.
LRAD (NASDAQ:LRAD) last released its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.01 earnings per share for the quarter. LRAD had a negative net margin of 6.99% and a positive return on equity of 0.74%. The business had revenue of $7.63 million during the quarter.
In related news, Director Richard Hoe Osgood III purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $2.30 per share, with a total value of $46,000.00. Following the completion of the transaction, the director now owns 160,000 shares of the company’s stock, valued at $368,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.
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LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.
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