Somewhat Positive News Coverage Somewhat Unlikely to Affect I.D. Systems (IDSY) Stock Price

Headlines about I.D. Systems (NASDAQ:IDSY) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. I.D. Systems earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 44.1115998819077 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

A number of equities research analysts have commented on IDSY shares. Zacks Investment Research downgraded I.D. Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. B. Riley restated a “buy” rating and issued a $8.50 target price on shares of I.D. Systems in a research report on Friday, November 10th.

Shares of I.D. Systems (NASDAQ:IDSY) opened at $6.92 on Friday. I.D. Systems has a 1 year low of $5.50 and a 1 year high of $7.75. The company has a market capitalization of $120.82, a price-to-earnings ratio of -18.21, a price-to-earnings-growth ratio of 0.82 and a beta of -0.01.

I.D. Systems (NASDAQ:IDSY) last posted its earnings results on Thursday, November 9th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. I.D. Systems had a negative return on equity of 22.16% and a negative net margin of 13.02%. analysts forecast that I.D. Systems will post -0.16 earnings per share for the current fiscal year.

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About I.D. Systems

I.D. Systems, Inc (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers.

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