Lionbridge Technologies CFO Donald M. Muir Sells 30,000 Shares (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) CFO Donald M. Muir unloaded 30,000 shares of Lionbridge Technologies stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $5.64, for a total value of $169,200.00. Following the completion of the sale, the chief financial officer now directly owns 610,847 shares of the company’s stock, valued at approximately $3,445,177. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lionbridge Technologies (NASDAQ:LIOX) traded up 0.71% during mid-day trading on Friday, hitting $5.65. 337,351 shares of the company’s stock traded hands. Lionbridge Technologies has a one year low of $2.81 and a one year high of $7.50. The stock’s 50-day moving average is $5.7 and its 200-day moving average is $6.11. The company has a market cap of $340.2 million and a P/E ratio of 21.09. Lionbridge Technologies also saw a large increase in short interest in May. As of May 15th, there was short interest totalling 1,739,379 shares, an increase of 40.0% from the April 30th total of 1,242,438 shares. Based on an average trading volume of 648,638 shares, the short-interest ratio is presently 2.7 days. Currently, 3.0% of the company’s stock are sold short.
Lionbridge Technologies (NASDAQ:LIOX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $120.72 million for the quarter, compared to the consensus estimate of $121.72 million. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Lionbridge Technologies will post $0.27 EPS for the current fiscal year.
A number of analysts have recently weighed in on LIOX shares. Analysts at Feltl & Co. upgraded shares of Lionbridge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th. They now have a $8.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Lionbridge Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $6.50 price target on the stock.
Lionbridge Technologies, Inc (NASDAQ:LIOX) is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
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