Media stories about Systemax (NYSE:SYX) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Systemax earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.2656108515636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, Sidoti downgraded Systemax from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th.
Shares of Systemax (NYSE SYX) opened at $29.24 on Wednesday. Systemax has a one year low of $7.05 and a one year high of $32.33. The firm has a market capitalization of $1,053.94, a PE ratio of 27.34 and a beta of 0.16.
In other news, CEO Lawrence P. Reinhold sold 80,203 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $26.79, for a total transaction of $2,148,638.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 69.50% of the stock is owned by company insiders.
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Systemax Company Profile
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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