Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Preformed Line Products (PLPC) Share Price
News stories about Preformed Line Products (NASDAQ:PLPC) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Preformed Line Products earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.5848137720875 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of brokerages recently commented on PLPC. BidaskClub lowered Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 14th. ValuEngine upgraded Preformed Line Products from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th.
PLPC stock traded up $0.07 during midday trading on Tuesday, reaching $80.77. The stock had a trading volume of 2,708 shares, compared to its average volume of 6,498. The company has a quick ratio of 2.02, a current ratio of 3.31 and a debt-to-equity ratio of 0.16. The firm has a market cap of $410.24 million, a price-to-earnings ratio of 24.91 and a beta of 1.26. Preformed Line Products has a twelve month low of $48.79 and a twelve month high of $96.83.
Preformed Line Products Company Profile
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.
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