Positive Press Coverage Somewhat Unlikely to Impact Acorn International (ATV) Share Price
News articles about Acorn International (NYSE:ATV) have been trending positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Acorn International earned a news impact score of 0.30 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.5579585312407 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Acorn International (ATV) traded up $0.51 on Friday, reaching $16.70. 139 shares of the company traded hands, compared to its average volume of 4,103. Acorn International has a one year low of $5.99 and a one year high of $19.51.
Separately, ValuEngine lowered shares of Acorn International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Acorn International Company Profile
Acorn International, Inc is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company’s business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform.
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