Media stories about Hardinge (NASDAQ:HDNG) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hardinge earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.1703743954112 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Hardinge (NASDAQ HDNG) traded down 0.52% during midday trading on Friday, hitting $15.41. 28,247 shares of the company traded hands. The stock’s 50-day moving average price is $14.69 and its 200 day moving average price is $12.80. The company has a market capitalization of $199.54 million, a price-to-earnings ratio of 70.69 and a beta of 0.90. Hardinge has a 12-month low of $8.24 and a 12-month high of $15.88.
Hardinge (NASDAQ:HDNG) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.21 by $0.12. The business had revenue of $78.20 million during the quarter. Hardinge had a net margin of 0.94% and a return on equity of 4.61%. On average, equities analysts forecast that Hardinge will post $0.11 EPS for the current year.
Several equities research analysts recently weighed in on HDNG shares. ValuEngine upgraded shares of Hardinge from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. TheStreet upgraded shares of Hardinge from a “d+” rating to a “b” rating in a research note on Monday, August 21st.
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In related news, major shareholder Fund Lp Privet bought 86,773 shares of Hardinge stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of $14.39 per share, with a total value of $1,248,663.47. Following the acquisition, the insider now owns 1,632 shares of the company’s stock, valued at approximately $23,484.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ryan Levenson bought 66,562 shares of Hardinge stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $14.45 per share, with a total value of $961,820.90. Following the acquisition, the director now directly owns 1,632 shares in the company, valued at approximately $23,582.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 178,546 shares of company stock valued at $2,564,576 in the last ninety days. 11.50% of the stock is currently owned by insiders.
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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