Turtle Beach (HEAR) Earns News Impact Rating of 0.01
Media headlines about Turtle Beach (NASDAQ:HEAR) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Turtle Beach earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.1981997393543 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Turtle Beach (NASDAQ HEAR) remained flat at $$0.46 during trading on Tuesday. 228,000 shares of the company were exchanged, compared to its average volume of 246,580. The company has a current ratio of 1.06, a quick ratio of 0.42 and a debt-to-equity ratio of -0.74. The stock has a market cap of $21.95, a price-to-earnings ratio of -4.18 and a beta of 0.99. Turtle Beach has a 1 year low of $0.42 and a 1 year high of $1.61.
Turtle Beach (NASDAQ:HEAR) last posted its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $35.98 million during the quarter, compared to analyst estimates of $39.85 million. equities analysts expect that Turtle Beach will post -0.06 earnings per share for the current year.
In other news, insider Frederick J. Romano sold 1,200,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $0.73, for a total value of $876,000.00. Following the sale, the insider now directly owns 3,433,489 shares in the company, valued at approximately $2,506,446.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juergen M. Stark acquired 83,333 shares of the stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $0.54 per share, for a total transaction of $44,999.82. The disclosure for this purchase can be found here. Corporate insiders own 59.60% of the company’s stock.
Turtle Beach Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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