Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cenveo (CVO) Stock Price
Media coverage about Cenveo (NYSE:CVO) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cenveo earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.9018372970901 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Cenveo (CVO) traded down $0.01 during trading hours on Tuesday, hitting $1.13. 122,076 shares of the stock were exchanged, compared to its average volume of 299,079. Cenveo has a 1-year low of $1.10 and a 1-year high of $8.15. The company has a debt-to-equity ratio of -1.73, a current ratio of 1.46 and a quick ratio of 0.99.
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In other news, Chairman Robert G. Sr Burton, Sr. purchased 53,855 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $3.70 per share, with a total value of $199,263.50. Following the completion of the acquisition, the chairman now directly owns 834,597 shares of the company’s stock, valued at approximately $3,088,008.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald S. Armstrong purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $4.02 per share, with a total value of $40,200.00. The disclosure for this purchase can be found here. Insiders bought 90,695 shares of company stock valued at $349,165 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.
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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