Somewhat Positive Media Coverage Somewhat Unlikely to Affect Straight Path Communications (NASDAQ:STRP) Stock Price
Media headlines about Straight Path Communications (NASDAQ:STRP) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Straight Path Communications earned a news impact score of 0.12 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.1629927353445 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Straight Path Communications (NASDAQ STRP) traded up 0.15% during mid-day trading on Friday, hitting $178.88. The stock had a trading volume of 79,195 shares. Straight Path Communications has a 52 week low of $15.06 and a 52 week high of $235.88. The stock’s market capitalization is $2.27 billion. The stock has a 50 day moving average of $179.39 and a 200-day moving average of $117.39.
Straight Path Communications (NASDAQ:STRP) last released its quarterly earnings data on Friday, June 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.28. The business had revenue of $0.17 million during the quarter, compared to analysts’ expectations of $0.17 million. During the same quarter last year, the company earned $0.25 EPS. On average, equities research analysts predict that Straight Path Communications will post ($3.19) earnings per share for the current year.
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In other news, major shareholder Howard S. Jonas sold 145,579 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $179.32, for a total transaction of $26,105,226.28. Following the transaction, the insider now owns 14,297 shares in the company, valued at $2,563,738.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Howard S. Jonas sold 21,213 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $179.11, for a total value of $3,799,460.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 434,562 shares of company stock worth $78,018,264.
Straight Path Communications Company Profile
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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