New Media Investment Group (NEWM) Earning Somewhat Favorable Media Coverage, Report Finds
News stories about New Media Investment Group (NYSE:NEWM) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Media Investment Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.2438288251852 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of New Media Investment Group (NEWM) opened at $17.03 on Monday. New Media Investment Group has a 52-week low of $11.87 and a 52-week high of $17.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84. The stock has a market capitalization of $906.34, a P/E ratio of 47.31 and a beta of 1.36.
Separately, BidaskClub downgraded New Media Investment Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th.
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New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.
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