News coverage about Lawson Products (NASDAQ:LAWS) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news 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 positive one, with scores closest to one being the most favorable. Lawson Products earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.7235094784106 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Lawson Products (LAWS) traded down 5.79% during midday trading on Friday, hitting $22.80. The stock had a trading volume of 46,878 shares. The company has a 50-day moving average of $23.24 and a 200-day moving average of $22.33. Lawson Products has a 1-year low of $16.69 and a 1-year high of $28.10. The stock has a market cap of $202.33 million, a price-to-earnings ratio of 38.38 and a beta of 1.51.
Lawson Products (NASDAQ:LAWS) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Lawson Products had a return on equity of 2.54% and a net margin of 1.85%. The firm had revenue of $75.01 million during the quarter, compared to analysts’ expectations of $72.41 million. Equities research analysts forecast that Lawson Products will post $0.54 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Lawson Products from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Tuesday, August 1st. ValuEngine raised Lawson Products from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
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In other news, EVP Neil E. Jenkins sold 5,662 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.48, for a total transaction of $127,281.76. Following the completion of the transaction, the executive vice president now directly owns 12,607 shares in the company, valued at $283,405.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.20% of the stock is currently owned by corporate insiders.
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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