Somewhat Positive News Coverage Somewhat Unlikely to Impact Safeguard Scientifics (SFE) Stock Price

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Media headlines about Safeguard Scientifics (NYSE:SFE) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Safeguard Scientifics earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.5150201105492 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of SFE stock traded down $0.18 during mid-day trading on Wednesday, hitting $12.97. 11,270 shares of the stock traded hands, compared to its average volume of 108,298. The firm has a market cap of $265.23 million, a price-to-earnings ratio of -2.99 and a beta of 1.26. Safeguard Scientifics has a 52-week low of $10.75 and a 52-week high of $14.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.80 and a current ratio of 0.80.

Safeguard Scientifics (NYSE:SFE) last released its quarterly earnings results on Thursday, April 26th. The asset manager reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.42. equities analysts predict that Safeguard Scientifics will post -2.66 earnings per share for the current fiscal year.

Several analysts have commented on the stock. ValuEngine lowered shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Zacks Investment Research lowered shares of Safeguard Scientifics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barrington Research reissued a “buy” rating and set a $20.00 price target on shares of Safeguard Scientifics in a research report on Tuesday, March 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.50 price target on shares of Safeguard Scientifics in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Safeguard Scientifics has an average rating of “Hold” and a consensus target price of $16.50.

Safeguard Scientifics Company Profile

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings in Fintech sector. It initially invests in a Series A-C round and opportunistically in a seed round.

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