Media headlines about Telenav (NASDAQ:TNAV) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Telenav earned a news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.8177416712756 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Telenav (NASDAQ TNAV) traded down $0.05 during mid-day trading on Wednesday, reaching $6.10. The company had a trading volume of 6,986 shares, compared to its average volume of 79,858. The firm has a market cap of $276.22, a price-to-earnings ratio of -4.62 and a beta of 0.89. Telenav has a twelve month low of $4.50 and a twelve month high of $9.25.
Telenav (NASDAQ:TNAV) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.35) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.02. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $39.03 million. Telenav had a negative return on equity of 56.00% and a negative net margin of 38.56%. Telenav’s quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) EPS. sell-side analysts anticipate that Telenav will post -2.03 EPS for the current fiscal year.
In related news, CEO H.P. Jin purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of $5.66 per share, with a total value of $113,200.00. Following the purchase, the chief executive officer now directly owns 1,399,854 shares in the company, valued at $7,923,173.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.67% of the stock is owned by insiders.
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TeleNav, Inc (Telenav) is a provider of location-based platform services. The Company’s services consist of its automotive and mobile navigation platform and its advertising delivery platform. The Company operates through three segments: automotive, advertising and mobile navigation. The automotive segment provides its map and navigation platform to auto manufacturers and original equipment manufacturers (OEMs) for distribution with their vehicles.
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