Netshoes Cayman (NETS) Getting Somewhat Negative News Coverage, Analysis Shows

Headlines about Netshoes Cayman (NYSE:NETS) have been trending somewhat negative on Sunday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Netshoes Cayman earned a news impact score of -0.05 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.8060829286381 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

Netshoes Cayman (NETS) traded up $0.38 during trading on Friday, reaching $7.10. The company’s stock had a trading volume of 260,919 shares, compared to its average volume of 166,829. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.34. Netshoes Cayman has a twelve month low of $5.70 and a twelve month high of $26.96.

Several brokerages recently weighed in on NETS. Zacks Investment Research downgraded Netshoes Cayman from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC downgraded Netshoes Cayman from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.90.

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About Netshoes Cayman

Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites and and third-party sites that it manages, as well as its business to business offline operation.

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