Media stories about Landec Corporation (NASDAQ:LNDC) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Landec Corporation earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.1156953052031 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Landec Corporation (LNDC) traded down 1.13% on Thursday, hitting $13.15. 25,008 shares of the stock were exchanged. The firm has a market capitalization of $361.70 million, a PE ratio of 34.61 and a beta of 1.29. Landec Corporation has a one year low of $11.20 and a one year high of $15.50. The company has a 50-day moving average price of $12.81 and a 200-day moving average price of $13.45.
Landec Corporation (NASDAQ:LNDC) last announced its earnings results on Tuesday, September 26th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $123.40 million during the quarter, compared to the consensus estimate of $123.00 million. Landec Corporation had a net margin of 1.80% and a return on equity of 4.17%. Landec Corporation’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities research analysts expect that Landec Corporation will post $0.55 earnings per share for the current year.
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About Landec Corporation
Landec Corporation designs, develops, manufactures and sells a range of health and wellness products for food and biomaterials markets. The Company licenses technology applications to partners. The Company operates through three segments: Packaged Fresh Vegetables, Food Export and Biomaterials. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruit and vegetables, the majority of which incorporate the BreatheWay specialty packaging for the retail grocery, club store and food services industry.
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