BlueLinx (BXC) Earns Daily News Impact Rating of 0.08

News coverage about BlueLinx (NYSE:BXC) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlueLinx earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 44.6848854288272 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

BXC has been the subject of several analyst reports. TheStreet raised shares of BlueLinx from a “d” rating to a “c” rating in a research report on Wednesday, October 11th. ValuEngine raised shares of BlueLinx from a “hold” rating to a “buy” rating in a research report on Friday, September 15th.

Shares of BlueLinx (BXC) opened at $10.35 on Tuesday. The firm has a market cap of $92.98, a price-to-earnings ratio of 4.77 and a beta of 2.29. The company has a current ratio of 2.06, a quick ratio of 1.02 and a debt-to-equity ratio of -13.52. BlueLinx has a 12-month low of $6.36 and a 12-month high of $11.78.

In other news, Director J David Smith purchased 4,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $9.38 per share, with a total value of $37,520.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $37,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Shyam K. Reddy purchased 3,500 shares of the company’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $8.57 per share, with a total value of $29,995.00. Following the transaction, the chief accounting officer now directly owns 10,164 shares in the company, valued at $87,105.48. The disclosure for this purchase can be found here. Insiders have acquired a total of 16,900 shares of company stock valued at $149,940 in the last three months. 2.29% of the stock is currently owned by corporate insiders.

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BlueLinx Company Profile

BlueLinx Holdings, Inc is a distributor of building products in North America. The Company operates its distribution business through a network of approximately 40 distribution centers. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

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