Media stories about Systemax (NYSE:SYX) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Systemax earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.0312852779159 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Systemax (NYSE:SYX) traded up 0.39% during midday trading on Monday, reaching $28.37. The company’s stock had a trading volume of 24,714 shares. The company’s market capitalization is $1.05 billion. Systemax has a 52-week low of $7.05 and a 52-week high of $29.50. The stock has a 50 day moving average price of $26.93 and a 200-day moving average price of $20.76.
Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. Systemax had a positive return on equity of 12.27% and a negative net margin of 0.87%. The company had revenue of $313.00 million for the quarter. Equities research analysts expect that Systemax will post $1.26 EPS for the current year.
SYX has been the topic of several research reports. BidaskClub lowered Systemax from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Sidoti raised Systemax from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, August 2nd.
In related news, VP Thomas Axmacher sold 2,886 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $24.51, for a total transaction of $70,735.86. Following the completion of the transaction, the vice president now owns 3,211 shares in the company, valued at approximately $78,701.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Manoj Shetty sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.30, for a total value of $116,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 146,283 shares of company stock worth $3,788,403 in the last three months. 69.60% of the stock is owned by insiders.
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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