Favorable Press Coverage Somewhat Unlikely to Impact PhotoMedex (PHMD) Stock Price
News stories about PhotoMedex (NASDAQ:PHMD) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 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. PhotoMedex earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the medical equipment provider an impact score of 44.9309880462034 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
PhotoMedex (PHMD) traded down 9.84% during trading on Tuesday, reaching $1.10. The company’s stock had a trading volume of 7,580 shares. The stock’s market capitalization is $4.66 million. The firm has a 50 day moving average of $0.96 and a 200 day moving average of $1.45. PhotoMedex has a 52 week low of $0.71 and a 52 week high of $5.60.
Separately, ValuEngine raised PhotoMedex from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
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PhotoMedex Company Profile
PhotoMedex, Inc is a global health products and services company providing integrated disease management and solutions to dermatologists, professional aestheticians and consumers. The Company provides products and services that address skin diseases and conditions, including acne and photo damage. The Company operates through three business segments: Consumer segment, Physician Recurring segment and Professional segment.
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