Zuoan Fashion Ltd (ADR) (NYSE:ZA) is a provider of men’s casual wear. The company has dominant presence in China in terms of operation locations. It has footprint in 31 out of the 32 provinces of China. Its products are primarily in-house designed casual apparel for men, footwear as well as lifestyle accessories. Its customer targets are men in the age bracket of 20 to 40. The exciting atmosphere that is seen among apparel stocks has also caught up with ZA. Shares of the company opened the previous session at $2.07, but ended the day at $2.28, up 9.62 percent from the day ago closing price. The gain in the stock came on no particular company news, but generally on the positive prospects that analysts have predicted for apparel companies from the U.S. to China to other parts of the world. Zuoan Fashion Ltd (ADR) (NYSE:ZA) shares after opening at $2.30 moved to $2.39 on last trade day and at the end of the day closed at $2.29. Company price to sales ratio in past twelve months was calculated as 0.29 and price to cash ratio as 0.30. Zuoan Fashion Ltd (ADR) (NYSE:ZA) showed a positive weekly performance of 12.81%.
Appliance Recycling Centers of America (NASDAQ:ARCI), A leading provider of appliance recycling and retailing services, Feb. 24,2014 Announced financial results for the fourth quarter and fiscal year ended December 28, 2013.Revenues for the fourth quarter of 2013 were $32.8 million, up 23.8% compared with the same period in 2012, due mainly to growth in the recycling division. Income before taxes and noncontrolling interests in the fourth quarter of 2013 was $0.8 million compared with a loss of $(2.7) million during the same period of the prior year. Net earnings for the fourth quarter of 2013 were $1.2 million, or $0.21 per diluted share, compared with a net loss of $(2.1) million, or $(0.37) per diluted share, reported during the same period in the prior year. Improved fourth quarter earnings were the result of several positive factors, including increased revenues generated in the company’s appliance recycling division; improved performance at the ARCA Advanced Processing (AAP) joint venture in Philadelphia; expense reductions; sale of carbon offsets; and the release of a non-cash income tax valuation allowance recorded against deferred tax assets. Appliance Recycling Centers of America (NASDAQ:ARCI) shares advanced 3.83% in last trading session and ended the day on $3.25. ARCI return on equity ratio is recorded as 24.80% and its return on assets is 7.80%. Appliance Recycling Centers of America (NASDAQ:ARCI) yearly performance is 168.60%.
RiceBran Technologies (NASDAQ:RIBT) A global leader in the production and marketing of value added products derived from rice bran, announced that it received gross proceeds of approximately $4.9 million through the sale of convertible notes and warrants. The Company intends to use the net proceeds from this private placement for plant upgrades and capacity expansion in our USA Segment to accelerate growth opportunities resulting from our recent acquisition of H&N Distribution, Inc and to provide working capital for our Irgovel rice bran bio-refinery in Brazil. RiceBran Technologies (NASDAQ:RIBT) shares moved down -9.23% in last trading session and was closed at $4.62, while trading in range of $4.45-45.06. RiceBran Technologies (NASDAQ:RIBT) year to date performance is -71.13%.
Summer Infant (NASDAQ:SUMR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, ARN reports. The firm currently has a $2.00 price target on the stock. Zacks‘s price target indicates a potential downside of 4.19% from the company’s current price. Summer Infant, Inc. (NASDAQ:SUMR) weekly performance is 15.68%. On last trading day company shares ended up $2.14. Summer Infant, Inc. (NASDAQ:SUMR) distance from 50-day simple moving average is 8.07%. Analysts mean target price for the company is $2.75.
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