Media coverage about Speedway Motorsports (NYSE:TRK) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Speedway Motorsports earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9035576533144 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Bristol Motor Speedway renews sponsorship with Bush’s Beans (knoxnews.com)
- Darlington Raceway continues trend of enhancing fan experience at track (nascar.nbcsports.com)
- NASCAR drivers ready for 2018 season at Las Vegas Motor Speedway (fox5vegas.com)
- Texas Motor Speedway to host ‘World’s Largest’ Daytona 500 watching party (crosstimbersgazette.com)
- Speedway Motorsports (TRK) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
Shares of Speedway Motorsports (NYSE:TRK) opened at $19.51 on Tuesday. Speedway Motorsports has a 12 month low of $16.80 and a 12 month high of $23.47. The company has a market capitalization of $824.27, a price-to-earnings ratio of 22.95, a PEG ratio of -5.01 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.42 and a debt-to-equity ratio of 0.28.
TRK has been the topic of a number of recent research reports. Zacks Investment Research raised Speedway Motorsports from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Saturday, October 28th. TheStreet cut Speedway Motorsports from a “b” rating to a “c+” rating in a research note on Wednesday, October 25th.
In other news, Director Mark M. Gambill sold 12,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $20.00, for a total value of $240,000.00. Following the sale, the director now directly owns 40,428 shares of the company’s stock, valued at $808,560. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 72.00% of the company’s stock.
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Speedway Motorsports Company Profile
Speedway Motorsports, Inc (SMI), through its operating subsidiaries, is a promoter, marketer and sponsor of motorsports activities in the United States. The Company’s operations consist of promoting, marketing and sponsoring motorsports racing events, merchandising and other related activities conducted at its various speedway facilities located in the United States.
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