Diversified Machinery Top Losers: China Ming Yang Wind Power Group (NYSE:MY), ExOne Co (NASDAQ:XONE), Adept Technology (NASDAQ:ADEP), THT Heat Transfer Technology (NASDAQ:THTI)

Posted by on Apr 11, 2014

China Ming Yang Wind Power Group Limited (NYSE: MY), a leading wind turbine manufacturer in China,  announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2013. Fourth Quarter 2013 Operating and Financial Highlights: Total wind turbine generators (“WTGs”) for which revenue was recognized amounted to an equivalent wind power project output of 175.5MW, or 117 units of 1.5MW WTGs, a decrease of 32.1% compared to 258.5MW in Q4 2012.China Ming Yang Wind Power Group Ltd (NYSE:MY) shares after opening at $2.80 moved to $2.86 on last trade day and at the end of the day closed at $2.64. Company price to sales ratio in past twelve months was calculated as 0.62 and price to cash ratio as 2.29. China Ming Yang Wind Power Group Ltd (NYSE:MY) showed a negative weekly performance of -7.69%.

ExOne (NASDAQ:XONE) was upgraded by investment analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $50.00 price target on the stock. BB&T Corp.’s price objective indicates a potential upside of 39.82% from the stock’s previous close. The analysts noted that the move was a valuation call. ExOne Co (NASDAQ:XONE) shares fell -7.62% in last trading session and ended the day on $29.09. XONE return on equity ratio is recorded as -5.70% and its return on assets is -5.10%. ExOne Co (NASDAQ:XONE) yearly performance is -19.53%.

Adept Technology, Inc. (Nasdaq:ADEP), a leading provider of intelligent robots, autonomous mobile solutions and services, announced that John Villadsen has joined the company as Vice President of Global Operations. John Villadsen comes to Adept with more than 20 years of experience managing companies’ operations, establishing global supply chains, and implementing lean practices worldwide,” said Rob Cain, Adept president and CEO. “He is a hands-on leader focused on profitability and scalability. We welcome him to the Adept team and look forward to benefitting from his contributions and insight.Adept Technology Inc (NASDAQ:ADEP) shares moved down -8.51% in last trading session and was closed at $16.88, while trading in range of $16.69-$18.47. Adept Technology Inc (NASDAQ:ADEP) year to date performance is -0.06%.

THT Heat Transfer Technology Inc (NASDAQ:THTI) a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, on March 31,2014 announced its financial results for the fourth quarter and fiscal year ended December 31, 2013. Chairman and Chief Executive Officer Guohong Zhao commented, “We are pleased to report the 42% year-over-year revenue growth we achieved in the fourth quarter 2013 exceeded our guidance, thanks to the rapid urbanization in China in 2013. The solid fourth quarter growth was primarily attributed to increased demand of heat exchange units and air-cooled heat exchangers. THT Heat Transfer Technology Inc (NASDAQ:THTI) weekly performance is -5.88%. On last trading day company shares ended up $1.28. THT Heat Transfer Technology Inc (NASDAQ:THTI) distance from 50-day simple moving average is 3.54%. Analysts mean target price for the company is $7.00.

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