News headlines about Layne Christensen (NASDAQ:LAYN) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Layne Christensen earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.3766456263821 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have issued reports on LAYN. Zacks Investment Research upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. ValuEngine upgraded Layne Christensen from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet upgraded Layne Christensen from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. Finally, BidaskClub upgraded Layne Christensen from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Layne Christensen presently has an average rating of “Hold” and a consensus target price of $11.00.
Shares of Layne Christensen (NASDAQ:LAYN) opened at $16.54 on Wednesday. Layne Christensen has a 52 week low of $6.98 and a 52 week high of $16.96. The firm has a market capitalization of $328.83, a PE ratio of -5.20 and a beta of 0.43. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 3.05.
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Layne Christensen Company (Layne) is a water management, construction and drilling company. The Company provides drilling solutions for water management, mineral services and specialty drilling needs. The Company operates through three segments: Water Resources, Inliner and Mineral Services. Its Water Resources segment provides its customers with solutions for various aspects of water supply system development and technology throughout the United States.
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