Somewhat Positive News Coverage Somewhat Unlikely to Impact HC2 Holdings (HCHC) Stock Price

News stories about HC2 Holdings (NASDAQ:HCHC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HC2 Holdings earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.6629194746688 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of HC2 Holdings (NASDAQ HCHC) opened at 4.85 on Wednesday. HC2 Holdings has a 12-month low of $3.80 and a 12-month high of $7.27. The company’s 50 day moving average is $5.13 and its 200 day moving average is $5.63. The company’s market capitalization is $208.61 million.

HC2 Holdings (NASDAQ:HCHC) last issued its earnings results on Wednesday, August 9th. The technology company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.17). The company had revenue of $378.65 million for the quarter, compared to analyst estimates of $424.16 million. Analysts expect that HC2 Holdings will post ($1.00) earnings per share for the current fiscal year.

Several research firms recently issued reports on HCHC. Zacks Investment Research raised shares of HC2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley reaffirmed a “buy” rating and set a $10.50 price objective on shares of HC2 Holdings in a report on Tuesday, August 8th.

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About HC2 Holdings

HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.

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