News coverage about Lawson Products (NASDAQ:LAWS) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lawson Products earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 47.1774848062446 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of LAWS stock traded up $0.55 during mid-day trading on Wednesday, reaching $27.65. 13,818 shares of the company’s stock were exchanged, compared to its average volume of 14,104. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.64 and a quick ratio of 0.79. Lawson Products has a 1-year low of $18.70 and a 1-year high of $28.00. The company has a market cap of $247.53, a PE ratio of 8.36, a price-to-earnings-growth ratio of 2.99 and a beta of 1.41.
Lawson Products (NASDAQ:LAWS) last issued its earnings results on Thursday, February 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). Lawson Products had a net margin of 9.70% and a return on equity of 5.31%. The business had revenue of $80.63 million for the quarter, compared to the consensus estimate of $78.40 million. During the same period in the previous year, the firm earned ($0.53) EPS. analysts forecast that Lawson Products will post 0.62 EPS for the current fiscal year.
In other news, Director Ronald B. Port sold 100,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $24.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the director now directly owns 32,583 shares in the company, valued at approximately $781,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael G. Decata purchased 2,189 shares of Lawson Products stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $24.69 per share, with a total value of $54,046.41. Following the completion of the transaction, the insider now directly owns 20,533 shares in the company, valued at $506,959.77. The disclosure for this purchase can be found here. Insiders have acquired a total of 248,131 shares of company stock worth $6,076,174 in the last three months. Insiders own 18.20% of the company’s stock.
About Lawson Products
Lawson Products, Inc is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other.
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