Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ossen Innovation (OSN) Share Price
Media stories about Ossen Innovation (NASDAQ:OSN) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ossen Innovation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 46.2804895278802 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, TheStreet upgraded shares of Ossen Innovation from a “c” rating to a “b-” rating in a research report on Friday, November 24th.
Shares of Ossen Innovation (OSN) traded up $0.24 during mid-day trading on Friday, hitting $2.58. The stock had a trading volume of 30,100 shares, compared to its average volume of 29,595. The company has a current ratio of 5.14, a quick ratio of 4.38 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.44, a PE ratio of 6.00 and a beta of 0.60. Ossen Innovation has a one year low of $1.50 and a one year high of $3.61.
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Ossen Innovation Co, Ltd. is a holding company. The Company manufactures and sells an array of plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials. The Company’s materials are used in the construction of bridges, highways and other infrastructure projects in the People’s Republic of China and internationally.
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