Echelon Corporation (ELON) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media coverage about Echelon Corporation (NASDAQ:ELON) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Echelon Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.6182389247042 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Echelon Corporation (NASDAQ ELON) traded up 2.28% on Friday, hitting $4.93. The company had a trading volume of 17,253 shares. The firm has a 50-day moving average price of $4.64 and a 200 day moving average price of $5.53. Echelon Corporation has a 12-month low of $4.17 and a 12-month high of $7.20. The company’s market capitalization is $21.96 million.

Echelon Corporation (NASDAQ:ELON) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.07). The firm had revenue of $8.02 million during the quarter. Echelon Corporation had a negative net margin of 16.22% and a negative return on equity of 19.68%. Equities analysts expect that Echelon Corporation will post ($0.22) EPS for the current year.

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About Echelon Corporation

Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.

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