Shiloh Industries (SHLO) Receiving Somewhat Positive Press Coverage, Report Shows
Media stories about Shiloh Industries (NASDAQ:SHLO) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shiloh Industries earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.8593624942677 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shiloh Industries (NASDAQ:SHLO) opened at 10.40 on Friday. The stock has a 50 day moving average price of $8.40 and a 200 day moving average price of $11.20. Shiloh Industries has a 1-year low of $6.50 and a 1-year high of $16.69. The company has a market cap of $240.48 million, a PE ratio of 34.10 and a beta of 2.14.
Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Shiloh Industries had a net margin of 0.52% and a return on equity of 10.67%. The business had revenue of $256.85 million for the quarter, compared to analyst estimates of $236.40 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts forecast that Shiloh Industries will post $0.63 earnings per share for the current year.
Several research analysts have recently issued reports on SHLO shares. Bank of America Corporation started coverage on Shiloh Industries in a research note on Thursday, September 7th. They issued a “neutral” rating and a $9.50 price target for the company. ValuEngine cut Shiloh Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BMO Capital Markets started coverage on Shiloh Industries in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 price target for the company.
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In other news, major shareholder Mtd Holdings Inc sold 500,000 shares of Shiloh Industries stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $7.76, for a total value of $3,880,000.00. Following the completion of the sale, the insider now directly owns 7,300,866 shares of the company’s stock, valued at approximately $56,654,720.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 51.70% of the company’s stock.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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