Vedanta (NYSE:VEDL) Getting Somewhat Positive News Coverage, Study Shows
Media coverage about Vedanta (NYSE:VEDL) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 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. Vedanta earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.043632175696 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Vedanta (NYSE VEDL) traded down $0.37 during trading hours on Tuesday, hitting $21.42. The company had a trading volume of 124,696 shares, compared to its average volume of 545,841. The firm has a market capitalization of $16,224.30, a P/E ratio of 17.29 and a beta of 1.83. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38. Vedanta has a twelve month low of $13.78 and a twelve month high of $21.99.
Vedanta (NYSE:VEDL) last announced its quarterly earnings results on Friday, November 3rd. The basic materials company reported $0.35 earnings per share for the quarter. Vedanta had a return on equity of 18.51% and a net margin of 8.16%.
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Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.
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