General Electric Company (NYSE:GE), shares saw unusually-high trading volume on Thursday after the company announced better than expected quarterly earnings, Analyst Ratings News reports. Approximately 44,004,204 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 33,397,240 shares.The stock last traded at $26.73 and had previously closed at $26.12. General Electric Company (NYSE:GE), shares after opening at $26.70 moved to $26.77 on last trade day and at the end of the day closed at $26.58. Company price to sales ratio in past twelve months was calculated as 1.83 and price to cash ratio as 2.01. General Electric Company (NYSE:GE), showed a positive weekly performance of 3.38%.
Cisco Systems, Inc. (NASDAQ:CSCO), saw a large drop in short interest during the month of January. As of March 31st, there was short interest totalling 72,237,904 shares, a drop of 2.1% from the March 14th total of 73,809,335 shares, ARN reports. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 48,333,800 shares, the short-interest ratio is presently 1.5 days. Cisco Systems, Inc. (NASDAQ:CSCO), shares advanced 0.51% in last trading session and ended the day on $23.52. Cisco Systems, Inc. (NASDAQ:CSCO), return on equity ratio is recorded as 14.20% and its return on assets is 8.20%. Cisco Systems, Inc. (NASDAQ:CSCO), yearly performance is 17.78%.
Microsoft Corporation (NASDAQ:MSFT), was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Monday, TheFlyOnTheWall.comreports. They currently have a $42.00 price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 5.66% from the company’s current price. Microsoft Corporation (NASDAQ:MSFT), shares moved up 0.13% in last trading session and was closed at $39.99, while trading in range of $ 39.83 – 40.14. Microsoft Corporation (NASDAQ:MSFT), year to date (YTD) performance is 7.70%.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), CEO Maria das Graças Foster defends the 2006 decision to buy a refinery in Pasadena, Tex., against allegations the company had dramatically overpaid, telling Brazil’s congress it purchased the 100K bbl/day refinery to maximize returns on heavy Brazilian oil in the U.S. market.Opponents of Pres. Rousseff are pushing for a formal investigation into the $1.2B purchase, which they say was made for 20x the true value of the refinery.The figure comes from the $42.5M Belgium’s Astra Oil supposedly paid for the refinery in 2005, but Foster says Astra actually paid $360M.Foster also reiterates Rousseff’s recent claim that the approval of the 50% stake purchase by Petrobras’ board was based on a faulty report from a former executive who was subsequently demoted. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), weekly performance is -2.02%. On last trading day company shares ended up $13.60. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), distance from 50-day simple moving average (SMA50) is 15.93%. Analysts mean target Price for the company is $18.46.
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