Press coverage about Sun Hydraulics (NASDAQ:SNHY) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sun Hydraulics earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 47.5231212044662 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Sun Hydraulics (SNHY) opened at $60.42 on Monday. Sun Hydraulics has a twelve month low of $34.17 and a twelve month high of $63.63. The company has a market cap of $1,635.75, a P/E ratio of 41.67 and a beta of 1.80. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.

Sun Hydraulics (NASDAQ:SNHY) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a net margin of 10.34% and a return on equity of 15.54%. The business had revenue of $88.00 million during the quarter, compared to analysts’ expectations of $80.66 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 94.7% on a year-over-year basis. equities research analysts predict that Sun Hydraulics will post 1.65 EPS for the current year.

SNHY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Sun Hydraulics from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research report on Friday, August 11th. Sidoti assumed coverage on shares of Sun Hydraulics in a report on Thursday, September 14th. They set a “neutral” rating for the company. BidaskClub cut shares of Sun Hydraulics from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird cut shares of Sun Hydraulics from an “outperform” rating to a “neutral” rating and upped their target price for the company from $55.00 to $57.00 in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.00.

In other Sun Hydraulics news, Director Christine L. Koski sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $49.87, for a total transaction of $748,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.70% of the stock is currently owned by corporate insiders.

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About Sun Hydraulics

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

Insider Buying and Selling by Quarter for Sun Hydraulics (NASDAQ:SNHY)

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