Headlines about Impinj (NASDAQ:PI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Impinj earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4641638611485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Impinj (NASDAQ PI) traded down $1.02 during midday trading on Friday, hitting $22.57. 521,267 shares of the stock traded hands, compared to its average volume of 538,748. The firm has a market capitalization of $452.58 and a price-to-earnings ratio of -59.39. The company has a current ratio of 7.49, a quick ratio of 4.97 and a debt-to-equity ratio of 0.06. Impinj has a 12 month low of $19.97 and a 12 month high of $60.85.
Impinj (NASDAQ:PI) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The firm had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. research analysts expect that Impinj will post -0.41 earnings per share for the current year.
In other Impinj news, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $36.85, for a total value of $257,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clinton Bybee acquired 4,000 shares of Impinj stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $24.43 per share, for a total transaction of $97,720.00. Following the completion of the purchase, the director now owns 4,417 shares of the company’s stock, valued at approximately $107,907.31. The disclosure for this purchase can be found here. In the last three months, insiders sold 15,700 shares of company stock valued at $478,399. 15.20% of the stock is currently owned by company insiders.
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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