Avid Technology (AVID) Earns Daily News Impact Rating of 0.15

Headlines about Avid Technology (NASDAQ:AVID) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avid Technology earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.9251534692364 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Shares of Avid Technology (NASDAQ:AVID) traded up $0.18 during mid-day trading on Friday, hitting $5.92. The company’s stock had a trading volume of 453,098 shares, compared to its average volume of 427,666. The stock has a market capitalization of $243.82, a price-to-earnings ratio of 16.44 and a beta of 1.57. Avid Technology has a 12 month low of $3.99 and a 12 month high of $6.33. The company has a debt-to-equity ratio of -0.71, a quick ratio of 0.46 and a current ratio of 0.65.

AVID has been the topic of several recent analyst reports. Zacks Investment Research lowered Avid Technology from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine lowered Avid Technology from a “buy” rating to a “hold” rating in a report on Friday, September 1st.

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About Avid Technology

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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