News headlines about Avid Technology (NASDAQ:AVID) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avid Technology earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.9878801819464 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several brokerages have commented on AVID. ValuEngine downgraded shares of Avid Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Avid Technology from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Dougherty & Co downgraded shares of Avid Technology from a “neutral” rating to a “sell” rating and set a $4.50 target price on the stock. in a report on Thursday, December 7th.
Avid Technology (NASDAQ:AVID) traded down $0.08 during midday trading on Monday, hitting $5.44. 198,800 shares of the stock were exchanged, compared to its average volume of 293,875. The company has a quick ratio of 0.46, a current ratio of 0.65 and a debt-to-equity ratio of -0.71. Avid Technology has a 12 month low of $3.99 and a 12 month high of $7.65. The firm has a market capitalization of $224.05, a P/E ratio of -30.22 and a beta of 1.80.
In other Avid Technology news, Director Robert M. Bakish acquired 20,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were bought at an average cost of $6.00 per share, for a total transaction of $120,000.00. Following the completion of the acquisition, the director now directly owns 693,058 shares of the company’s stock, valued at $4,158,348. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.50% of the stock is owned by company insiders.
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Avid Technology Company Profile
Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
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