Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cenveo (CVO) Stock Price
Media stories about Cenveo (NASDAQ:CVO) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cenveo earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.3157128543877 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Cenveo (CVO) opened at $0.87 on Wednesday. Cenveo has a twelve month low of $0.85 and a twelve month high of $7.79. The company has a debt-to-equity ratio of -1.70, a quick ratio of 1.08 and a current ratio of 1.44.
In other news, Chairman Robert G. Sr Burton, Sr. acquired 24,390 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $99,999.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald S. Armstrong acquired 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $4.02 per share, for a total transaction of $40,200.00. The disclosure for this purchase can be found here. Insiders acquired 36,840 shares of company stock worth $149,901 in the last ninety days. 12.70% of the stock is owned by corporate insiders.
Cenveo Company Profile
Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
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