Headlines about Avid Technology (NASDAQ:AVID) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring 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. Avid Technology earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.7423797368053 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern’s rankings:

AVID has been the topic of a number of recent research reports. Zacks Investment Research upgraded Avid Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. ValuEngine upgraded Avid Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Finally, Dougherty & Co downgraded Avid Technology from a “neutral” rating to a “sell” rating and set a $4.50 target price on the stock. in a research note on Thursday, December 7th.

Avid Technology (NASDAQ:AVID) traded up $0.03 on Friday, hitting $5.63. The stock had a trading volume of 208,222 shares, compared to its average volume of 562,215. The company has a market cap of $231.88, a P/E ratio of -31.28 and a beta of 1.80. Avid Technology has a 52 week low of $3.99 and a 52 week high of $7.65. The company has a debt-to-equity ratio of -0.71, a quick ratio of 0.46 and a current ratio of 0.65.

In related news, Director Robert M. Bakish purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average price of $6.00 per share, for a total transaction of $120,000.00. Following the purchase, the director now owns 693,058 shares in the company, valued at approximately $4,158,348. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.50% of the company’s stock.

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Avid Technology Company Profile

Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.

Insider Buying and Selling by Quarter for Avid Technology (NASDAQ:AVID)

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