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IHS Markit Score Update: Drop in demand for ETFs holding Black Box Corp is a negative sign for its shares

IHS Markit

Black Box Corp

NASDAQ/NGS:BBOX

Score: Neutral (55)

7 days at current score.

Downgraded from Positive on August 4th 2017

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Summary


  • This company ranked neutral compared to the Telecommunications Services sector with only 1 positive IHS Markit Category
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is low


Bearish sentiment

Short interest | Positive

Short interest is low for BBOX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Negative

ETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding BBOX totaled $164 million. However, outflows appear to be slowing.

Economic sentiment

PMI by IHS Markit | Neutral

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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