Press coverage about Mercury Systems (NASDAQ:MRCY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing 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. Mercury Systems earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.5823755667933 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Spruce Point targets Mercury Systems; shares down more than 4% (seekingalpha.com)
- Spruce Point Capital Releases a Strong Sell Forensic Research Opinion on Mercury Systems, Inc. (Nasdaq: MRCY) (bizjournals.com)
- Mercury Systems Receives $4.8M Order for High-Performance Digital Signal Processing Modules for Synthetic Aperture Radar Application (markets.financialcontent.com)
- Comparing Mercury Systems (MRCY) & Hubbell (HUBB) (americanbankingnews.com)
- Mercury Systems (MRCY) Rating Lowered to Sell at ValuEngine (americanbankingnews.com)
NASDAQ:MRCY opened at $44.67 on Thursday. The firm has a market cap of $2,214.82, a PE ratio of 47.02, a P/E/G ratio of 3.68 and a beta of 0.36. Mercury Systems has a fifty-two week low of $36.09 and a fifty-two week high of $55.00.
A number of research analysts have commented on the company. ValuEngine lowered Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America decreased their price objective on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Citigroup reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a report on Wednesday, January 24th. Finally, Zacks Investment Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.83.
In other news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $48.10, for a total transaction of $461,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $48.01, for a total value of $168,035.00. Following the sale, the chief operating officer now owns 348,440 shares of the company’s stock, valued at $16,728,604.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,400 shares of company stock valued at $2,764,488. Corporate insiders own 3.50% of the company’s stock.
Mercury Systems Company Profile
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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