biotech top losers: Molycorp Inc (NYSE:MCP), USEC (NYSE:USU), Profire Energy (NASDAQ:PFIE), Penford Corporation (NASDAQ:PENX)

Posted by on Jul 10, 2014

Apollo bought $8.5 million of Molycorp Inc (NYSE:MCP)’s $230 million of 3.25 percent convertible notes due 2016 in the three months ended March 31 and added to that amount last quarter, said the people, who asked not to be named because the transactions weren’t public. As of March 31, Apollo held at least 22 percent of that class of securities, according to data compiled by Bloomberg. Molycorp Inc (NYSE:MCP), net profit margin is -90.00% and weekly performance is -26.85%. On last trading day company shares ended up $1.88. Analysts mean target price for the company is $4.10. Molycorp Inc (NYSE:MCP) distance from 50-day simple moving average (SMA50) is -38.68%.

USEC Inc. (NYSE:USU), announced that it will soon begin soliciting holders of USEC’s convertible notes as well as its two preferred stockholders for votes on the Company’s Plan of Reorganization following today’s hearing and order by Judge Christopher S. Sontchi in the United States Bankruptcy Court for the District of Delaware. USEC Inc. (NYSE:USU), fell 11.25% in last trading session and ended the day on $5.60. USU, Gross Margin is -11.40% and its return on assets is -14.40%. USEC Inc. (NYSE:USU), quarterly performance is 72.31%.

Profire Energy, Inc. (NASDAQ:PFIE), CFO Andrew Limpert sold 250,000 shares of Profire Energy stock on the open market in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,271,937 shares of the company’s stock, valued at approximately $13,087,748. Profire Energy, Inc. (NASDAQ:PFIE), shares moved down 5.91% in last trading session and was closed at $4.14, while trading in range of $4.11 – 4.50. Profire Energy, Inc. (NASDAQ:PFIE), year to date (YTD) performance is 13.42%.

Penford Corporation (NASDAQ:PENX), posted its quarterly earnings results on Monday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03, American Banking & Market News reports. The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Penford Corporation (NASDAQ:PENX), ended the last trading day at $12.25. Company weekly volatility is calculated as 10.04%. Penford Corporation (NASDAQ:PENX), showed a negative weekly performance of 10.91%.

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