News stories about Powell Industries (NASDAQ:POWL) have trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Powell Industries earned a news sentiment score of 1.18 on their scale. InfoTrie also assigned press coverage about the industrial products company an news buzz score of 6 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Powell Industries’ ranking:
- Somewhat Critical News Coverage Very Unlikely to Impact Powell Industries (POWL) Share Price (americanbankingnews.com)
- Powell Industries, Inc. (POWL) CEO Brett Cope on Q1 2019 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of POWL earnings conference call or presentation 6-Feb-19 4:00pm GMT (finance.yahoo.com)
- Powell Industries, Inc. (POWL) to Issue Quarterly Dividend of $0.26 (americanbankingnews.com)
- Zacks: Powell Industries, Inc. (POWL) Given $38.00 Consensus Price Target by Brokerages (americanbankingnews.com)
Shares of POWL stock traded down $0.39 on Tuesday, hitting $30.60. The stock had a trading volume of 100 shares, compared to its average volume of 29,539. Powell Industries has a 1 year low of $22.55 and a 1 year high of $41.42.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, February 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $1.04 annualized dividend and a dividend yield of 3.40%.
Separately, Sidoti cut their price objective on Powell Industries from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 12th.
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About Powell Industries
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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