News stories about Sun Hydraulics Corporation (NASDAQ:SNHY) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Hydraulics Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.4554558118268 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Sun Hydraulics Corporation (SNHY) Director Christine L. Koski Sells 16,547 Shares (americanbankingnews.com)
- Sun Hydraulics Corporation (SNHY) Director Christine L. Koski Sells 14,753 Shares (americanbankingnews.com)
- Christine L. Koski Sells 19,140 Shares of Sun Hydraulics Corporation (SNHY) Stock (americanbankingnews.com)
- Sun Hydraulics Corporation (SNHY) Lifted to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Sun Hydraulics Corp. (finance.yahoo.com)
A number of research firms have recently weighed in on SNHY. BidaskClub raised Sun Hydraulics Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Zacks Investment Research raised Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Friday, August 11th. Finally, TheStreet raised Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th.
Shares of Sun Hydraulics Corporation (NASDAQ:SNHY) traded up 0.43% during trading on Friday, reaching $46.32. The company had a trading volume of 110,317 shares. Sun Hydraulics Corporation has a 52 week low of $28.45 and a 52 week high of $48.44. The company has a market capitalization of $1.25 billion, a PE ratio of 48.76 and a beta of 1.81. The stock’s 50-day moving average price is $43.18 and its 200-day moving average price is $40.00.
Sun Hydraulics Corporation (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $79.18 million. During the same period in the previous year, the business earned $0.26 EPS. Sun Hydraulics Corporation’s quarterly revenue was up 75.8% on a year-over-year basis. On average, equities analysts expect that Sun Hydraulics Corporation will post $1.56 EPS for the current fiscal year.
In other Sun Hydraulics Corporation news, Director Christine L. Koski sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $42.20, for a total transaction of $844,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine L. Koski sold 24,300 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $43.14, for a total value of $1,048,302.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,440 shares of company stock valued at $6,065,767. 10.70% of the stock is owned by company insiders.
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Sun Hydraulics Corporation Company Profile
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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