Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Echelon (ELON) Share Price

Media stories about Echelon (NASDAQ:ELON) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Echelon earned a news impact score of 0.22 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.8295090343125 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

Shares of Echelon (NASDAQ ELON) traded up $0.32 on Friday, reaching $5.12. 34,862 shares of the company’s stock were exchanged, compared to its average volume of 14,106. Echelon has a 1-year low of $4.26 and a 1-year high of $7.20.

Echelon (NASDAQ:ELON) last announced its earnings results on Thursday, November 2nd. The technology company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $7.82 million during the quarter. Echelon had a negative net margin of 14.96% and a negative return on equity of 18.48%.

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About Echelon

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.

Insider Buying and Selling by Quarter for Echelon (NASDAQ:ELON)

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