News stories about Fortress Investment Group (NYSE:FIG) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortress Investment Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 45.477532399386 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.
Separately, Zacks Investment Research raised Fortress Investment Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th.
Fortress Investment Group (NYSE:FIG) traded down $0.02 on Friday, reaching $7.85. The company had a trading volume of 720,000 shares, compared to its average volume of 2,525,180. Fortress Investment Group has a 1 year low of $4.78 and a 1 year high of $8.05. The firm has a market cap of $3,050.00, a price-to-earnings ratio of 11.38 and a beta of 1.89.
WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Fortress Investment Group (FIG) Stock Price” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2018/01/12/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-fortress-investment-group-fig-stock-price.html.
Fortress Investment Group Company Profile
Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds).
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