RigNet (RNET) Earning Somewhat Positive Press Coverage, Analysis Finds
News stories about RigNet (NASDAQ:RNET) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RigNet earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the Wireless communications provider an impact score of 45.7028652063579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research analysts have recently weighed in on RNET shares. BidaskClub raised shares of RigNet from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine lowered shares of RigNet from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.33.
Shares of RigNet (NASDAQ RNET) traded down $0.15 during midday trading on Tuesday, reaching $15.00. 33,800 shares of the company were exchanged, compared to its average volume of 47,363. RigNet has a 1 year low of $14.01 and a 1 year high of $23.90. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.
RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).
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