Sito Mobile (SITO) Receiving Somewhat Favorable Media Coverage, Study Finds
News articles about Sito Mobile (NASDAQ:SITO) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sito Mobile earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the Wireless communications provider an impact score of 45.4689115463381 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Sito Mobile (NASDAQ SITO) traded up $0.01 during midday trading on Tuesday, hitting $6.75. The stock had a trading volume of 139,600 shares, compared to its average volume of 219,200. Sito Mobile has a 1 year low of $1.71 and a 1 year high of $8.60.
Sito Mobile (NASDAQ:SITO) last released its quarterly earnings data on Tuesday, November 14th. The Wireless communications provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The business had revenue of $11.10 million during the quarter, compared to the consensus estimate of $11.34 million. Sito Mobile had a negative return on equity of 47.82% and a negative net margin of 29.34%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. research analysts forecast that Sito Mobile will post -0.44 EPS for the current year.
In other news, CEO Thomas Pallack bought 31,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average cost of $6.83 per share, for a total transaction of $211,730.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is currently owned by insiders.
About Sito Mobile
SITO Mobile, Ltd. operates a mobile location-based advertising platform serving businesses, advertisers and brands. The Company’s offerings include SITO Location-Based Advertising and SITO Mobile Messaging. SITO Location-Based Advertising delivers display advertisements and videos on behalf of advertisers, including various features, such as Geo-fencing, Verified walk-in, Behavioral Targeting, and Analytics and Optimization.
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