Rocky Brands (RCKY) Receives Daily Coverage Optimism Rating of 0.13

Press coverage about Rocky Brands (NASDAQ:RCKY) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rocky Brands earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.8366271379389 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

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

Rocky Brands (RCKY) traded up 9.58% during trading on Tuesday, reaching $18.30. 87,727 shares of the company’s stock were exchanged. The firm has a market cap of $136.26 million, a price-to-earnings ratio of 49.33 and a beta of 0.59. The firm’s 50-day moving average price is $14.22 and its 200-day moving average price is $13.76. Rocky Brands has a 12 month low of $10.25 and a 12 month high of $20.10.

A number of equities analysts have commented on RCKY shares. Robert W. Baird lifted their price objective on shares of Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet raised shares of Rocky Brands from a “c” rating to a “b-” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.00.

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In other Rocky Brands news, Director Robert Burton Jr. Moore acquired 5,000 shares of Rocky Brands stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $13.80 per share, for a total transaction of $69,000.00. Following the purchase, the director now directly owns 13,619 shares of the company’s stock, valued at $187,942.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.50% of the stock is owned by corporate insiders.

Rocky Brands Company Profile

Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.

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