Positive Press Coverage Extremely Likely to Affect Ascent Capital Group (ASCMA) Share Price

Media coverage about Ascent Capital Group (NASDAQ:ASCMA) has trended positive this week, AlphaOne reports. The research firm, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ascent Capital Group earned a daily sentiment score of 0.38 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Alpha One’s analysis:

Ascent Capital Group (NASDAQ:ASCMA) traded up 1.78% during mid-day trading on Thursday, hitting $13.72. 4,481 shares of the stock were exchanged. The company’s market cap is $166.23 million. The company has a 50-day moving average price of $14.34 and a 200-day moving average price of $17.40. Ascent Capital Group has a one year low of $11.78 and a one year high of $26.16.

Ascent Capital Group (NASDAQ:ASCMA) last issued its quarterly earnings data on Tuesday, February 28th. The industrial products company reported ($1.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.57) by $0.06. The business had revenue of $140.68 million for the quarter, compared to analyst estimates of $142.16 million. Ascent Capital Group had a negative return on equity of 34.98% and a negative net margin of 18.08%. On average, analysts predict that Ascent Capital Group will post ($6.32) earnings per share for the current fiscal year.

Several research analysts recently commented on ASCMA shares. Imperial Capital restated an “outperform” rating and issued a $21.00 price target on shares of Ascent Capital Group in a report on Saturday, January 7th. Zacks Investment Research upgraded shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th.

TRADEMARK VIOLATION WARNING: “Positive Press Coverage Extremely Likely to Affect Ascent Capital Group (ASCMA) Share Price” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/04/20/favorable-press-coverage-extremely-likely-to-impact-ascent-capital-group-ascma-share-price-updated.html.

About Ascent Capital Group

Ascent Capital Group, Inc is a holding company. The Company’s subsidiaries include Monitronics International, Inc (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support.

5 Day Chart for NASDAQ:ASCMA

Receive News & Ratings for Ascent Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply