News coverage about Steel Connect (NASDAQ:STCN) has been trending somewhat negative recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steel Connect earned a media sentiment score of -0.01 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.4028857449619 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
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Steel Connect (STCN) and China Customer Relations Centers (CCRC) Critical Contrast (americanbankingnews.com) Steel Connect up 4% post Q3 results (seekingalpha.com) Steel Connect: Fiscal 3Q Earnings Snapshot (uk.news.yahoo.com) Steel Connect Reports Financial Results for the Third Quarter of Fiscal Year 2018 (finance.yahoo.com)
NASDAQ STCN traded up $0.03 during trading hours on Friday, hitting $2.10. 83,000 shares of the company traded hands, compared to its average volume of 56,522. Steel Connect has a twelve month low of $1.46 and a twelve month high of $2.90. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.92 and a quick ratio of 1.11.
Steel Connect (NASDAQ:STCN) last issued its quarterly earnings results on Monday, March 19th. The technology company reported ($0.13) EPS for the quarter. Steel Connect had a net margin of 7.37% and a negative return on equity of 33.66%. The company had revenue of $151.12 million for the quarter.
Separately, TheStreet raised Steel Connect from a “d” rating to a “c-” rating in a research report on Thursday, April 12th.
In related news, Director Philip E. Lengyel sold 12,850 shares of the stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $2.00, for a total transaction of $25,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Theodore Fejes, Jr. sold 170,000 shares of the stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $2.14, for a total value of $363,800.00. The disclosure for this sale can be found here. Insiders have sold 190,639 shares of company stock valued at $405,059 over the last three months. Insiders own 8.70% of the company’s stock.
Steel Connect Company Profile
Steel Connect, Inc, through its subsidiaries, provides supply chain and logistics services to the consumer electronics, communications, computing, medical devices, software, storage, retail, and other industries. It operates through four segments: Americas, Asia, Europe, and e-Business. The company offers material planning and factory supply solutions, including sourcing and delivering inbound materials, kitting and assembly of packaging materials and accessories, and managing logistics and delivery schedules into multiple manufacturing sites or partners; and value-added warehousing and distribution services, such as order management, pick, pack, ship, retail connectivity, demand planning, and integrated transportation management services, as well as solutions for the physical programming of digital content comprising software, firmware, upgrades, or promotional material onto various types of flash media.