Financial Sector Most Volatile: U.S. Global Investors (NASDAQ:GROW), NYSE:FAC, China Commercial Credit (NASDAQ:CCCR), China Hgs Real Estate (NASDAQ:HGSH)

Posted by on Mar 28, 2014

On Mar 11,2014 U.S. Global Investors, Inc. ( Nasdaq:GROW), a boutique registered investment advisory firm specializing in natural resources, emerging markets, domestic equities and municipal bonds, will continue its payment of monthly dividends in the second calendar quarter of 2014. U.S. Global Investors, Inc. (NASDAQ:GROW) shares after opening at $3.62 moved to $3.62 on last trade day and at the end of the day closed at $3.27. Company price to sales ratio in past twelve months was calculated as 3.35 and price to cash ratio as 2.18. U.S. Global Investors, Inc. (NASDAQ:GROW) showed a negative weekly performance of -14.03%.

First Acceptance Corporation (NYSE:FAC) On Mar 4,2014 reported its financial results for the quarter and year ended December 31, 2013.Operating Results, Revenues for the three months ended December 31, 2013 were $59.2 million, compared with $55.1 million for the three months ended December 31, 2012. Income before income taxes for the three months ended December 31, 2013 was $3.4 million, compared with income before income taxes of $0.2 million for the three months ended December 31, 2012. Income before income taxes for the three months ended December 31, 2013 included favorable development of $2.6 million for losses occurring in prior accident quarters, while the income before income taxes for the three months ended December 31, 2012 included a favorable development of $1.8 million. Net income for the three months ended December 31, 2013 was $3.2 million, or $0.07 per share on a diluted basis, compared with net income of $0.1 million, or $0.00 per share on a diluted basis, for the three months ended December 31, 2012.First Acceptance Corporation (NYSE:FAC) shares fell -2.03% in last trading session and ended the day on $2.41. FAC return on equity ratio is recorded as 8.30% and its return on assets is 2.20%. First Acceptance Corporation (NYSE:FAC) yearly performance is 75.91%.

China Commercial Credit Inc (NASDAQ:CCCR), the first Chinese microfinance company to list in the United States is planning a host of innovative strategies to increase its market share. China has also taken some steps to regulate private lending and this will boost the company’s prospects.China Commercial Credit Inc (NASDAQ:CCCR) shares moved down -2.80% in last trading session and was closed at $5.91, while trading in range of $5.17-$6.07. China Commercial Credit Inc (NASDAQ:CCCR) year to date performance is -20.67%.

China HGS Real Estate Inc. (Nasdaq:HGSH) announced that the Hanzhong government accepted the delivery of the two municipal roads that were constructed by the Company on March 21, 2014. In June 2012, the Company was approved by the Hanzhong local government to construct two municipal roads, namely Mingzhu Road West and Liuhou Road. The related construction was completed and the Hanzhong government performed its quality inspections and accepted these two roads on March 21, 2014. The final construction price for these two roads is approximately $3.16 million (RMB19, 483,589), which was approved by the Hanzhong Ministry of Finance.China Hgs Real Estate Inc (NASDAQ:HGSH) weekly performance is 11.42%. On last trading day company shares ended up $5.17. China Hgs Real Estate Inc (NASDAQ:HGSH) distance from 50-day simple moving average is 10.25%.

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