News articles about Alaska Communications Systems Group (NASDAQ:ALSK) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alaska Communications Systems Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.8090105022675 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, TheStreet upgraded Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a research report on Friday, January 5th.
Alaska Communications Systems Group (ALSK) remained flat at $$2.49 during midday trading on Tuesday. 148,600 shares of the stock traded hands, compared to its average volume of 163,329. Alaska Communications Systems Group has a one year low of $1.60 and a one year high of $2.91. The stock has a market cap of $130.59, a P/E ratio of -124.50 and a beta of -0.19. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.
In related news, CEO Anand Vadapalli sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $2.52, for a total transaction of $25,200.00. Following the sale, the chief executive officer now owns 1,355,263 shares in the company, valued at approximately $3,415,262.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 90,000 shares of company stock worth $226,700. 6.53% of the stock is owned by corporate insiders.
About Alaska Communications Systems Group
Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.
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