News coverage about Inventure Foods (NASDAQ:SNAK) has been trending somewhat negative recently, according to AlphaOne. The research firm, a division of Accern, rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inventure Foods earned a media sentiment score of -0.02 on AlphaOne’s scale. AlphaOne also gave news articles about Inventure Foods an impact score of 51 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Inventure Foods, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- Inventure Foods Inc to Post Q1 2018 Earnings of ($0.01) Per Share, DA Davidson Forecasts (SNAK) (americanbankingnews.com)
- Research Analysts Offer Predictions for Inventure Foods Inc’s Q4 2017 Earnings (SNAK) (americanbankingnews.com)
- IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Inventure Foods, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- INVENTURE FOODS, INC. Files SEC form 10-K, Annual Report (biz.yahoo.com)
Several brokerages recently commented on SNAK. Zacks Investment Research raised Inventure Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 11th. DA Davidson cut Inventure Foods from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.00 in a research report on Friday, January 13th.
Inventure Foods (NASDAQ:SNAK) traded down 2.35% during mid-day trading on Wednesday, reaching $4.16. The company’s stock had a trading volume of 198,321 shares. The company’s market cap is $81.90 million. The firm has a 50 day moving average price of $5.04 and a 200 day moving average price of $7.64. Inventure Foods has a 52-week low of $3.69 and a 52-week high of $10.15.
Inventure Foods (NASDAQ:SNAK) last issued its earnings results on Thursday, March 30th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.14. Inventure Foods had a negative net margin of 2.30% and a negative return on equity of 10.60%. The firm earned $63.40 million during the quarter, compared to the consensus estimate of $64.63 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts anticipate that Inventure Foods will post ($0.09) earnings per share for the current year.
About Inventure Foods
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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