Logitech International (LOGI) Getting Somewhat Positive Media Coverage, Study Finds
Headlines about Logitech International (NASDAQ:LOGI) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Logitech International earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.467656870311 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Logitech International (LOGI) traded down $0.20 during trading on Thursday, hitting $33.25. The stock had a trading volume of 213,498 shares, compared to its average volume of 437,824. The stock has a market capitalization of $5,750.00, a price-to-earnings ratio of 25.39 and a beta of 0.41. Logitech International has a 1 year low of $24.16 and a 1 year high of $40.82.
Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, October 23rd. The technology company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.29 by $0.11. The firm had revenue of $634.21 million for the quarter, compared to analyst estimates of $630.23 million. Logitech International had a return on equity of 24.58% and a net margin of 9.32%. During the same quarter last year, the firm posted $0.35 earnings per share. equities analysts forecast that Logitech International will post 1.24 earnings per share for the current year.
Separately, Zacks Investment Research lowered Logitech International from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.60.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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