Media coverage about Otelco (NASDAQ:OTEL) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Otelco earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.3937163023056 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Otelco traded up $0.10, reaching $15.10, during trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 5,714 shares, compared to its average volume of 5,442. Otelco has a 12-month low of $6.95 and a 12-month high of $17.75. The stock has a market cap of $50.82 million, a P/E ratio of 9.49 and a beta of 0.49. The company has a current ratio of 1.45, a quick ratio of 1.19 and a debt-to-equity ratio of 24.78.
Otelco (NASDAQ:OTEL) last released its earnings results on Tuesday, May 8th. The technology company reported $0.58 EPS for the quarter. The firm had revenue of $16.73 million for the quarter. Otelco had a negative return on equity of 245.47% and a net margin of 18.42%.
Separately, ValuEngine raised Otelco from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd.
In other Otelco news, major shareholder Ira Sochet purchased 61,200 shares of the stock in a transaction dated Thursday, April 26th. The shares were purchased at an average cost of $15.02 per share, with a total value of $919,224.00. Following the completion of the acquisition, the insider now directly owns 736,451 shares in the company, valued at approximately $11,061,494.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have bought 93,422 shares of company stock worth $1,378,313. Corporate insiders own 3.90% of the company’s stock.
Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. Otelco Inc, together with its subsidiaries, provides a range of telecommunication services on a retail and wholesale basis. It offers local services, including voice access lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; directory advertising services; and other telephone related services comprising leasing, selling, installing, and maintaining customer premise telecommunications equipment, as well as the publication of local telephone directories and wireline voice telephone services.
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