Heritage-Crystal Clean (HCCI) Receiving Positive Media Coverage, AlphaOne Reports

News stories about Heritage-Crystal Clean (NASDAQ:HCCI) have trended positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage-Crystal Clean earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also gave media headlines about the company an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted AlphaOne Sentiment’s scoring:

Shares of Heritage-Crystal Clean (NASDAQ:HCCI) traded up 0.66% during trading on Tuesday, reaching $15.35. The company had a trading volume of 24,484 shares. The firm has a 50-day moving average of $14.08 and a 200 day moving average of $14.43. The firm has a market capitalization of $344.70 million, a PE ratio of 59.04 and a beta of 1.77. Heritage-Crystal Clean has a 1-year low of $9.61 and a 1-year high of $16.75.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Heritage-Crystal Clean had a positive return on equity of 3.39% and a negative net margin of 0.03%. Analysts expect that Heritage-Crystal Clean will post $0.65 earnings per share for the current year.

HCCI has been the subject of several analyst reports. Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, February 14th. Roth Capital set a $17.00 price objective on Heritage-Crystal Clean and gave the company a “buy” rating in a report on Monday, March 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.50 target price on shares of Heritage-Crystal Clean in a research note on Friday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.83.

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In related news, COO Gregory Ray sold 60,264 shares of Heritage-Crystal Clean stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $14.80, for a total value of $891,907.20. Following the transaction, the chief operating officer now directly owns 195,226 shares of the company’s stock, valued at $2,889,344.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John Lucks sold 12,164 shares of Heritage-Crystal Clean stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $13.80, for a total value of $167,863.20. Following the completion of the transaction, the vice president now directly owns 43,419 shares in the company, valued at $599,182.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 234,740 shares of company stock worth $3,511,247. 14.30% of the stock is owned by insiders.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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