Headlines about Tennant (NYSE:TNC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tennant earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.7628681918271 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- BRIEF-Tennant Co enters into credit agreement - SEC filing (feeds.reuters.com)
- Analyzing Tennant (NYSE:TNC) and Amtech Systems (ASYS) (americanbankingnews.com)
- Tennant Company (TNC) to Release Earnings on Wednesday (americanbankingnews.com)
- Manitex International (MNTX) vs. Tennant (NYSE:TNC) Financial Contrast (americanbankingnews.com)
- Tennant: Boring Is Better (seekingalpha.com)
Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Tennant from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Tennant from a “sell” rating to a “hold” rating in a report on Thursday, April 27th.
Tennant (TNC) opened at 75.10 on Friday. Tennant has a 12-month low of $59.77 and a 12-month high of $76.80. The stock has a market cap of $1.34 billion, a P/E ratio of 35.16 and a beta of 1.07. The stock has a 50 day moving average of $74.34 and a 200 day moving average of $71.91.
In other news, CFO Thomas Paulson sold 7,500 shares of Tennant stock in a transaction on Monday, June 5th. The stock was sold at an average price of $73.95, for a total transaction of $554,625.00. Following the transaction, the chief financial officer now owns 31,755 shares in the company, valued at approximately $2,348,282.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Richard H. Zay sold 1,280 shares of Tennant stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $73.00, for a total value of $93,440.00. Following the transaction, the senior vice president now owns 15,423 shares in the company, valued at approximately $1,125,879. The disclosure for this sale can be found here. Insiders sold a total of 10,708 shares of company stock worth $790,274 in the last 90 days. 5.70% of the stock is currently owned by insiders.
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About Tennant
Tennant Company is engaged in designing, manufacturing and marketing of cleaning solutions. The Company’s segments are Americas; Europe, Middle East, Africa, and Asia Pacific. The Company offers a range of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings and asset management solutions.
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