According to a Bloomberg report, diversified conglomerate General Electric Company (NYSE:GE), is anticipating huge infrastructure orders to the tune of $10 billion in 2014 from Latin America on the back of surging demands for improved facilities for basic amenities and well-being. The news is encouraging for the company as it aims to focus on its industrial manufacturing roots and reduce dependence on the financial sector. General Electric Company (NYSE:GE), net profit margin is 8.60% and weekly performance is 0.83%. On last trading day company shares ended up $26.79. Analysts mean target price for the company is $28.90. General Electric Company (NYSE:GE), distance from 50-day simple moving average (SMA50) is 1.85%.
THT Heat Transfer Technology Inc (NASDAQ:THTI), soared 20.53 percent to $1.58 in the current trading session on volume of 547,066 shares. THT Heat Transfer Technology Inc (NASDAQ:THTI), advanced 9.92% in last trading session and ended the day on $1.44. THTI, Gross Margin is 30.40% and its return on assets is 1.90%. THT Heat Transfer Technology Inc (NASDAQ:THTI), quarterly performance is 42.57%.
On May 30, 2014, Ocean Power Technologies Inc (NASDAQ:OPTT)’s shares increased 7.20% to $2.68. The company on Apr. 30 announced the election of Eileen M. Competti to the Company’s Board of Directors. In addition, the Company announced the retirement of Dr. George W. Taylor from the Board of Directors. Ms. Competti is currently Vice President, Global Competitiveness for The Babcock & Wilcox Company (BWC) (BWC), a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. Ocean Power Technologies Inc (NASDAQ:OPTT), shares moved down 5.53% in last trading session and was closed at $2.22, while trading in range of $2.21 – 2.39. Ocean Power Technologies Inc (NASDAQ:OPTT), year to date (YTD) performance is 15.63%.
The Gorman-Rupp Company (NYSEMKT:GRC), announces that its wholly- owned subsidiary, National Pump Company (“NPC”), has completed its purchase of the business of Bayou City Pump, Inc. (“BCP”) based in Houston, Texas. The Gorman-Rupp Company (NYSEMKT:GRC), ended the last trading day at $32.63. Company weekly volatility is calculated as 4.06% and price to cash ratio as 38.76. The Gorman-Rupp Company (NYSEMKT:GRC), showed a negative weekly performance of 2..19%.
Tecumseh Products Company (NASDAQ:TECU), a leading global manufacturer of compressors and related products, reported an operating loss of $5.8 million and a net loss of $11.1 million, or a net loss per share of $0.60, on net sales of $179.3 million for the quarter ended March 31, 2014. This compares with an operating loss of $5.4 million and a net loss of $8.4 million, or $0.45 per share, on net sales of $207.6 million for the first quarter of 2013. Tecumseh Products Company (NASDAQ:TECU), net profit margin is -5.10% and weekly performance is -1.82%. On last trading day company shares ended up $4.86. Tecumseh Products Company (NASDAQ:TECU), distance from 50-day simple moving average (SMA50) is -17.77%.
Leave a Reply