Somewhat Critical Press Coverage Somewhat Unlikely to Impact Pendrell (PCO) Share Price
Media coverage about Pendrell (NASDAQ:PCO) has trended somewhat negative this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pendrell earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 47.9695679159285 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Pendrell (NASDAQ:PCO) traded up $1.77 on Friday, reaching $579.00. The company had a trading volume of 421 shares, compared to its average volume of 2,339. The stock has a market capitalization of $141.70, a price-to-earnings ratio of 1,052.73 and a beta of 0.94. Pendrell has a 12 month low of $570.00 and a 12 month high of $760.99.
The business also recently declared a special dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, December 15th were given a $12.32 dividend. The ex-dividend date was Thursday, December 14th.
Separately, TheStreet upgraded Pendrell from a “d” rating to a “c-” rating in a research report on Monday, October 30th.
Pendrell Corporation is engaged in the business of licensing and selling intellectual property (IP) rights to others. The Company invests in, acquires and monetizes IP rights. The Company’s subsidiaries hold patents that support over four IP licensing programs that it owns and manages, such as digital media, digital cinema, wireless technologies, and memory and storage technologies.
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