Jason Industries (JASN) Getting Somewhat Favorable Press Coverage, Study Shows

News coverage about Jason Industries (NASDAQ:JASN) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Jason Industries earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.9138945350807 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of equities research analysts have weighed in on the company. ValuEngine upgraded Jason Industries from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded Jason Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Finally, Roth Capital assumed coverage on Jason Industries in a research report on Thursday, January 4th. They set a “buy” rating and a $4.50 price target on the stock.

Shares of NASDAQ:JASN traded down $0.02 on Thursday, reaching $2.99. 3,056 shares of the company traded hands, compared to its average volume of 108,361. Jason Industries has a 52 week low of $0.77 and a 52 week high of $3.88. The stock has a market capitalization of $82.12, a P/E ratio of 299.00 and a beta of -0.05. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of -8.91.

Jason Industries (NASDAQ:JASN) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.13. Jason Industries had a negative return on equity of 1.21% and a negative net margin of 0.48%. The firm had revenue of $145.52 million for the quarter, compared to analysts’ expectations of $132.90 million. research analysts predict that Jason Industries will post -0.01 EPS for the current year.

In related news, SVP Keith Alan Walz acquired 28,500 shares of Jason Industries stock in a transaction dated Thursday, March 8th. The shares were purchased at an average cost of $2.95 per share, with a total value of $84,075.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Wynnefield Partners Small Cap acquired 50,000 shares of Jason Industries stock in a transaction dated Tuesday, March 6th. The shares were bought at an average cost of $2.75 per share, for a total transaction of $137,500.00. The disclosure for this purchase can be found here. 20.00% of the stock is currently owned by company insiders.

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Jason Industries Company Profile

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

Insider Buying and Selling by Quarter for Jason Industries (NASDAQ:JASN)

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