ModusLink Global Solutions (NASDAQ:MLNK) Receives Coverage Optimism Score of 0.19
News headlines about ModusLink Global Solutions (NASDAQ:MLNK) have been trending somewhat positive on Monday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ModusLink Global Solutions earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.0536088539309 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, Robert W. Baird lowered ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $8.00 in a report on Thursday, June 8th.
ModusLink Global Solutions (NASDAQ:MLNK) traded up 1.33% during midday trading on Monday, reaching $1.52. The company had a trading volume of 4,026 shares. The company’s market cap is $83.99 million. The company’s 50-day moving average is $1.64 and its 200 day moving average is $1.64. ModusLink Global Solutions has a 52-week low of $1.16 and a 52-week high of $2.08.
ModusLink Global Solutions (NASDAQ:MLNK) last issued its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter. ModusLink Global Solutions had a negative net margin of 8.26% and a negative return on equity of 47.50%. The company had revenue of $97.95 million for the quarter.
ModusLink Global Solutions Company Profile
ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.
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