Media headlines about Turtle Beach (NASDAQ:HEAR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news 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. Turtle Beach earned a news impact score of 0.01 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.1981997393543 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
HEAR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Turtle Beach from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut shares of Turtle Beach from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st.
Shares of Turtle Beach (NASDAQ HEAR) traded up $0.18 during mid-day trading on Tuesday, hitting $0.62. 2,970,100 shares of the stock were exchanged, compared to its average volume of 525,900. Turtle Beach has a 52 week low of $0.42 and a 52 week high of $1.54. The firm has a market cap of $24.20, a PE ratio of -5.64 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 0.42 and a debt-to-equity ratio of -0.74.
Turtle Beach (NASDAQ:HEAR) last announced its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $35.98 million during the quarter, compared to analyst estimates of $39.85 million. research analysts forecast that Turtle Beach will post -0.06 EPS for the current year.
In other news, CEO Juergen M. Stark bought 83,333 shares of the stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $0.54 per share, with a total value of $44,999.82. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 59.60% of the stock is currently owned by corporate insiders.
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Turtle Beach Company Profile
Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. The Company operates through two segments: Voyetra Turtle Beach (Headset) and HyperSound. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices.
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