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Acushnet Holdings Corp. (NYSE:GOLF) Receives Coverage Optimism Rating of 0.14

Headlines about Acushnet Holdings Corp. (NYSE:GOLF) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing 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 closest to one being the most favorable. Acushnet Holdings Corp. earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.0966782231752 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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Here are some of the headlines that may have impacted Accern’s analysis:

Shares of Acushnet Holdings Corp. (NYSE GOLF) traded down 9.073% on Friday, reaching $15.494. The company had a trading volume of 649,607 shares. Acushnet Holdings Corp. has a one year low of $15.39 and a one year high of $22.31. The company has a 50-day moving average price of $19.10 and a 200-day moving average price of $18.49. The firm has a market cap of $1.15 billion and a P/E ratio of 18.314.

Separately, Roth Capital cut Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Monday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.65.

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About Acushnet Holdings Corp.

Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.