Somewhat Favorable News Coverage Somewhat Unlikely to Impact Xerium Technologies (XRM) Share Price
Media headlines about Xerium Technologies (NYSE:XRM) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Xerium Technologies earned a news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.8834212197499 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of NYSE XRM traded down $0.05 during trading hours on Friday, reaching $13.36. 172,877 shares of the stock traded hands, compared to its average volume of 233,547. The company has a debt-to-equity ratio of -3.22, a current ratio of 1.58 and a quick ratio of 1.00. Xerium Technologies has a 52-week low of $3.70 and a 52-week high of $13.45.
Xerium Technologies (NYSE:XRM) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.44). The company had revenue of $125.28 million during the quarter.
Xerium Technologies Company Profile
Xerium Technologies, Inc provides industrial consumable products and services. It operates through two segments, Machine Clothing and Roll Covers. The Machine Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications. It manufactures forming fabrics that are used at the beginning of paper-making machines; press felts for carrying the paper sheet through a series of press rolls that mechanically press water from the sheet under high pressure; and dryer fabrics that transport the paper sheet through the drying section of paper-making machines.
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