Consumer Goods Top Gainers: Alliance One International (NYSE:AOI), China New Borun (NYSE:BORN), Primo Water Corporation (NASDAQ:PRMW), STR Holdings (NYSE:STRI)

Posted by on Mar 24, 2014

Alliance One International, Inc. (NYSE:AOI) announced the results of its previously announced cash tender offer (the “Tender Offer”) for up to $55.0 million in aggregate principal amount outstanding of its 5½% Convertible Senior Subordinated Notes due 2014 (the “Convertible Notes”) at a purchase price equal to $1,025 per $1,000 principal amount of Convertible Notes purchased, plus accrued and unpaid interest on such Convertible Notes up to, but not including, the payment date.  Alliance One International, Inc. (NYSE:AOI) shares after opening at $2.69 moved to $3.04 on last trade day and at the end of the day closed at $3.04. Company price to sales ratio in past twelve months was calculated as 0.11 and price to cash ratio as 0.88. Alliance One International, Inc. (NYSE:AOI) showed a positive weekly performance of 13.86%.

China New Borun Corp (NYSE:BORN) A producer and distributor of corn-based edible alcohol in China, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2013. Jinmiao Wang, Chairman and Chief Executive Officer of China New Borun Corp (NYSE:BORN), said, “We completed a solid fourth quarter, with total revenues exceeding the high-end of guidance and profitability expanding to a 12-month high. We also successfully completed initial sales of our new chlorinated polyethylene (CPE) and foam insulation products, marking a new milestone in our expanded business scope. Despite the challenging market environment over the past two years, we were able to earn positive net income in every single quarter, and as our momentum builds, we believe are well positioned to grow annual revenue, profitability and cash flow in 2014.China New Borun Corp (NYSE:BORN) shares advanced 14.42% in last trading session and ended the day on $3.57. BORN return on equity ratio is recorded as 4.60% and its return on assets is 2.40%.China New Borun Corp (NYSE:BORN) yearly performance is 131.82%.

Research analysts at B. Riley initiated coverage on shares ofPrimo Water (NASDAQ:PRMW) in a report released on Friday,The FlyOnTheWall.com reports. The firm set a “buy” rating on the stock. Primo Water Corporation (NASDAQ:PRMW) shares moved up 6.31% in last trading session and was closed at $4.21, while trading in range of $3.96-$4.25. Primo Water Corporation (NASDAQ:PRMW) year to date performance is 60.08%.

STR Holdings, Inc. (NYSE:STRI) announced its financial results for the fourth quarter and full-year ended December 31, 2013. Fourth Quarter 2013 Financial Summary: Net sales of $6.7 million in-line with pre-announcement, Diluted GAAP loss per share from continuing operations of $(0.09); Diluted non-GAAP loss per share from continuing operations of $(0.05).STR Holdings, Inc. (NYSE:STRI) weekly performance is 14.38%. On last trading day company shares ended up $1.75. STR Holdings, Inc. (NYSE:STRI) distance from 50-day simple moving average is 16.53%. Analysts mean target price for the company is $2.00.

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