Echelon Corporation (ELON) Earning Somewhat Positive Media Coverage, Analysis Shows

News headlines about Echelon Corporation (NASDAQ:ELON) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty 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 nearest to one being the most favorable. Echelon Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.8862681702373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s rankings:

Echelon Corporation (NASDAQ ELON) traded down 0.63% during trading on Wednesday, reaching $4.74. The company’s stock had a trading volume of 24,998 shares. The company’s 50-day moving average is $4.78 and its 200-day moving average is $5.37. Echelon Corporation has a 1-year low of $4.17 and a 1-year high of $7.20. The company’s market capitalization is $21.11 million.

Echelon Corporation (NASDAQ:ELON) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). The firm had revenue of $8.02 million for the quarter. Echelon Corporation had a negative return on equity of 19.68% and a negative net margin of 16.22%. Equities analysts anticipate that Echelon Corporation will post ($0.22) EPS for the current year.

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About Echelon Corporation

Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.

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