News stories about Materion (NYSE:MTRN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Materion earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.6220191317321 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts recently commented on MTRN shares. BidaskClub raised shares of Materion from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and set a $36.00 price objective on shares of Materion in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine lowered shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, KeyCorp restated a “hold” rating on shares of Materion in a research note on Monday, November 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.
Materion (MTRN) traded down $1.00 during trading on Friday, reaching $48.45. 168,708 shares of the company’s stock traded hands, compared to its average volume of 134,326. The firm has a market cap of $996.16 and a PE ratio of 37.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a 52-week low of $31.05 and a 52-week high of $53.92.
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Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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