Latest Stocks: Positive Media Coverage Very Likely to Impact Craft Brew Alliance (BREW) Stock Price

Latest Stocks: Positive Media Coverage Very Likely to Impact Craft Brew Alliance (BREW) Stock Price

Media headlines about Craft Brew Alliance (NASDAQ:BREW) have trended positive recently, according to Alpha One. The research firm, a division of Accern, identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Craft Brew Alliance earned a news sentiment score of 0.35 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Alpha One Sentiment Analysis’s scoring:

Separately, Zacks Investment Research downgraded shares of Craft Brew Alliance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 28th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.00. Shares of Craft Brew Alliance (BREW) opened at 17.15 on Tuesday. Craft Brew Alliance has a 52-week low of $9.18 and a 52-week high of $22.40. The company’s 50-day moving average is $15.25 and its 200-day moving average is $15.15. The firm has a market cap of $330.34 million, a P/E ratio of 300.88 and a beta of 0.47.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.09. Craft Brew Alliance had a return on equity of 0.73% and a net margin of 0.42%. The company had revenue of $44.30 million during the quarter. Equities research analysts forecast that Craft Brew Alliance will post $0.13 earnings per share for the current fiscal year. In other news, VP John William Glick purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was bought at an average cost of $13.57 per share, with a total value of $47,495.00. Following the purchase, the vice president now directly owns 10,157 shares of the company’s stock, valued at $137,830.49. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.40% of the stock is owned by company insiders.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.09. Craft Brew Alliance had a return on equity of 0.73% and a net margin of 0.42%. The company had revenue of $44.30 million during the quarter. Equities research analysts forecast that Craft Brew Alliance will post $0.13 earnings per share for the current fiscal year. About Craft Brew Alliance

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