Media coverage about Hardinge (NASDAQ:HDNG) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hardinge earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 44.8751552704592 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Hardinge (HDNG) opened at 15.27 on Friday. Hardinge has a one year low of $8.24 and a one year high of $15.80. The stock has a market cap of $197.73 million, a P/E ratio of 70.05 and a beta of 0.90. The firm’s 50-day moving average price is $14.20 and its 200 day moving average price is $12.48.
Hardinge (NASDAQ:HDNG) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.12. The company had revenue of $78.20 million for the quarter. Hardinge had a return on equity of 4.61% and a net margin of 0.94%. Equities research analysts expect that Hardinge will post $0.11 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. ValuEngine raised Hardinge from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a research note on Monday, August 21st.
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In related news, Director Richard R. Burkhart acquired 5,000 shares of Hardinge stock in a transaction on Monday, August 21st. The shares were bought at an average price of $13.50 per share, for a total transaction of $67,500.00. Following the completion of the purchase, the director now directly owns 15,660 shares in the company, valued at approximately $211,410. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ryan Levenson acquired 66,562 shares of Hardinge stock in a transaction on Monday, August 7th. The shares were bought at an average price of $14.45 per share, for a total transaction of $961,820.90. Following the purchase, the director now owns 1,632 shares of the company’s stock, valued at $23,582.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 178,546 shares of company stock worth $2,564,576. 11.50% of the stock is currently owned by insiders.
Hardinge Company Profile
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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