News headlines about RigNet (NASDAQ:RNET) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. RigNet earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 44.8908229358506 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of RigNet (RNET) opened at $18.75 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.97 and a current ratio of 1.98. The firm has a market cap of $337.17, a P/E ratio of -23.73 and a beta of 0.90. RigNet has a 12 month low of $14.01 and a 12 month high of $22.91.
RNET has been the subject of a number of recent research reports. BidaskClub raised shares of RigNet from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine downgraded shares of RigNet from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.33.
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RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).
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