Somewhat Positive Media Coverage Somewhat Unlikely to Impact General Communication (GNCMA) Stock Price
Media headlines about General Communication (NASDAQ:GNCMA) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Communication earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 44.9262729280193 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of General Communication (NASDAQ:GNCMA) opened at $42.31 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of -511.65. The stock has a market cap of $1,514.31, a P/E ratio of -16.34 and a beta of 0.58. General Communication has a 52-week low of $17.50 and a 52-week high of $43.63.
General Communication (NASDAQ:GNCMA) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported ($0.25) earnings per share (EPS) for the quarter. General Communication had a negative return on equity of 618.31% and a negative net margin of 9.70%.
In related news, Director Stephen R. Mooney sold 7,400 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $41.10, for a total transaction of $304,140.00. Following the transaction, the director now owns 66,500 shares of the company’s stock, valued at $2,733,150. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen R. Mooney sold 10,100 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $40.78, for a total transaction of $411,878.00. Following the transaction, the director now directly owns 56,400 shares in the company, valued at approximately $2,299,992. The disclosure for this sale can be found here. Insiders sold 56,130 shares of company stock valued at $2,267,859 over the last three months. 15.28% of the stock is owned by insiders.
About General Communication
General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.
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