Echelon (ELON) Receiving Somewhat Positive Press Coverage, Study Shows

Media coverage about Echelon (NASDAQ:ELON) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Echelon earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 44.5336799462168 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.

These are some of the news stories that may have effected Accern’s scoring:

Shares of Echelon (NASDAQ:ELON) traded up $0.27 during mid-day trading on Thursday, hitting $5.96. 20,500 shares of the stock were exchanged, compared to its average volume of 20,650. The company has a market cap of $25.72, a PE ratio of -5.68 and a beta of -0.68. Echelon has a 12 month low of $4.26 and a 12 month high of $7.20.

Echelon (NASDAQ:ELON) last issued its earnings results on Thursday, November 2nd. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.04. The company had revenue of $7.82 million for the quarter. Echelon had a negative net margin of 14.96% and a negative return on equity of 18.48%.

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About Echelon

Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.

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