Somewhat Positive Press Coverage Somewhat Unlikely to Impact Echelon Corporation (NASDAQ:ELON) Share Price

Press coverage about Echelon Corporation (NASDAQ:ELON) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Echelon Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 47.5067842926156 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Echelon Corporation (NASDAQ ELON) traded down 0.21% on Friday, reaching $4.81. The company’s stock had a trading volume of 6,095 shares. The firm’s 50-day moving average price is $5.05 and its 200 day moving average price is $5.66. Echelon Corporation has a 52-week low of $4.17 and a 52-week high of $7.20. The company’s market cap is $21.42 million.

Echelon Corporation (NASDAQ:ELON) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.07. The company had revenue of $8.02 million during the quarter. Echelon Corporation had a negative return on equity of 19.68% and a negative net margin of 16.22%. Equities analysts anticipate that Echelon Corporation will post ($0.22) EPS for the current fiscal year.

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About Echelon Corporation

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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