Stock Losers in Focus (PEIX, KWK, FRAN, REXX, SWHC)
NEW YORK, December 11, 2012 (MESHPRESS) – PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Pacific Ethanol Inc(NASDAQ:PEIX) shares decreased 4.26% and closed at $0.321. The company said it has received a letter from the Nasdaq stock market granting the company a 180-day extension to avoid delisting. Nasdaq sent PEIX a delisting warning notice in early June, because the company was not in compliance with the rule requiring listed securities to maintain a minimum closing bid price of at least $1 per share.
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Quicksilver Resources Inc(NYSE:KWK) shares dropped 5.52% to $3.08 in the last trading session. Macquarie upgraded shares of Quicksilver from an underperform rating to a neutral rating in a research note released last month. They currently have $2.50 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Quicksilver Resources in a research note to investors on November 7. They now have a $3.50 price target on the stock.
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Francesca’s Holdings Corp(NASDAQ:FRAN) shares declined 5.41% and closed at $22.54. The company reported net income for the third quarter of fiscal 2012 of $10.8 million or $0.24 per diluted share compared to net income for the third quarter of fiscal 2011 of $4.7 million, or $0.11 per diluted share. Adjusted net income for third quarter fiscal 2012 was $11.0 million, or $0.24 per diluted share. Net sales increased 44% to $72.0 million.
Canaccord Genuity restated its Buy rating on Francesca’s and slightly raised its price target from $30.00 to $31.00.
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Rex Energy Corporation(NASDAQ:REXX) shares fell 5.34% to $12.23. The company announced that it intends to re-launch its offering of $250 million in aggregate principal amount of senior notes due 2020 in a private placement, subject to market conditions. The company intends to use the net proceeds from the offering of the Senior Notes to repay all of the borrowings outstanding under its revolving credit facility and to repay in full, and terminate, its second lien term loan facility. The company will use the remaining net proceeds for general corporate purposes.
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Smith & Wesson Holding Corporation(NASDAQ:SWHC) stock declined 5.24% to $9.40. The company posted a second-quarter profit $21.18 million, as compared to a loss of $1.59 million in the year ago quarter. Net income from continuing operations for the second quarter was $16.40 million, or $0.24 per share, compared with net income from continuing operations of $948 thousand, or $0.01 per share, for the second quarter last year. Net sales from continuing operations for the second quarter were $136.6 million, up 48% from $92.29 million in the year-ago quarter. Analysts expected the company to report a earnings of $0.24 per share on revenues of $134.78 million for the quarter.
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