Edgewater Technology (NASDAQ:EDGW) Receives Daily Media Sentiment Score of 0.12
News stories about Edgewater Technology (NASDAQ:EDGW) have trended somewhat positive on Sunday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog 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. Edgewater Technology earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Separately, TheStreet raised Edgewater Technology from a “d+” rating to a “c” rating in a research note on Monday, April 3rd.
Shares of Edgewater Technology (NASDAQ:EDGW) opened at 7.01 on Friday. The stock has a 50 day moving average price of $7.04 and a 200 day moving average price of $7.12. The stock’s market capitalization is $94.21 million. Edgewater Technology has a 52 week low of $6.22 and a 52 week high of $9.40.
Edgewater Technology (NASDAQ:EDGW) last issued its quarterly earnings results on Thursday, May 4th. The information technology services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.17. Edgewater Technology had a negative return on equity of 6.21% and a negative net margin of 3.84%. The company had revenue of $29.13 million during the quarter. On average, equities research analysts expect that Edgewater Technology will post ($0.10) EPS for the current year.
In related news, Director Kurt James Wolf purchased 30,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average cost of $7.20 per share, with a total value of $216,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frederick D. Disanto purchased 20,451 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $7.17 per share, for a total transaction of $146,633.67. The disclosure for this purchase can be found here. Over the last three months, insiders bought 68,951 shares of company stock worth $497,684. Insiders own 23.54% of the company’s stock.
Edgewater Technology Company Profile
Edgewater Technology, Inc is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets.
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