Ferro (FOE) Getting Somewhat Positive News Coverage, Report Finds

Media headlines about Ferro (NYSE:FOE) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ferro earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 46.1259982956314 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Ferro (FOE) opened at $21.91 on Wednesday. The stock has a market cap of $1,819.70, a PE ratio of 41.34 and a beta of 1.72. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94. Ferro has a 1-year low of $13.56 and a 1-year high of $25.50.

FOE has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Ferro from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 11th. KeyCorp restated an “overweight” rating on shares of Ferro in a report on Friday, November 10th. Finally, ValuEngine lowered shares of Ferro from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Ferro currently has an average rating of “Buy” and an average price target of $23.80.

In other Ferro news, General Counsel Mark Hugo Duesenberg sold 17,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $24.76, for a total value of $420,920.00. Following the transaction, the general counsel now directly owns 137,545 shares in the company, valued at approximately $3,405,614.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Peter T. Thomas sold 73,583 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $23.51, for a total transaction of $1,729,936.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,246 shares of company stock worth $3,396,897. 2.02% of the stock is owned by insiders.

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About Ferro

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel.

Insider Buying and Selling by Quarter for Ferro (NYSE:FOE)

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