Lionbridge Technologies Inc. (LIOX) Stock Rating Upgraded by Zacks Investment Research
Lionbridge Technologies Inc. (NASDAQ:LIOX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. “
Separately, B. Riley reiterated a “buy” rating and issued a $6.75 price objective on shares of Lionbridge Technologies in a research report on Tuesday, August 2nd.
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Lionbridge Technologies (NASDAQ:LIOX) opened at 4.91 on Tuesday. Lionbridge Technologies has a 12-month low of $3.90 and a 12-month high of $6.26. The company’s 50-day moving average is $4.88 and its 200 day moving average is $4.61. The stock has a market capitalization of $287.31 million, a PE ratio of 30.50 and a beta of 1.34.
Lionbridge Technologies (NASDAQ:LIOX) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. Lionbridge Technologies had a return on equity of 27.44% and a net margin of 1.77%. The company had revenue of $144.20 million for the quarter, compared to the consensus estimate of $146.35 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. Lionbridge Technologies’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts expect that Lionbridge Technologies will post $0.56 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Lionbridge Technologies by 4.4% in the first quarter. Geode Capital Management LLC now owns 398,355 shares of the company’s stock valued at $2,015,000 after buying an additional 16,793 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Lionbridge Technologies by 2.6% in the first quarter. Kennedy Capital Management Inc. now owns 1,647,864 shares of the company’s stock valued at $8,338,000 after buying an additional 41,748 shares during the last quarter. Springbok Capital Management LLC boosted its stake in shares of Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock valued at $168,000 after buying an additional 6,525 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Lionbridge Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,967 shares of the company’s stock valued at $238,000 after buying an additional 294 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Lionbridge Technologies by 12.1% in the second quarter. Wedge Capital Management L L P NC now owns 230,100 shares of the company’s stock valued at $909,000 after buying an additional 24,800 shares during the last quarter. Hedge funds and other institutional investors own 68.69% of the company’s stock.
About Lionbridge Technologies
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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