On May 8, 2014, Firstbank Corporation (NASDAQ:FBMI) announced the receipt of the regulatory approvals necessary for its merger with Mercantile Bank Corporation. Firstbank Corporation (NASDAQ:FBMI) net profit margin is 20.20% and weekly performance is 8.32%. On last trading day company shares ended up $21.60. Analysts mean target price for the company is $18.00. Firstbank Corporation (NASDAQ:FBMI) distance from 50-day simple moving average (SMA50) is 16.64%.
On 1 MAY Sequential Brands Group Inc (NASDAQ:SQBG) announced financial results for the first quarter ended March 31, 2014.Total revenue for the first quarter ended March 31, 2014 increased to approximately $6.3 million, compared to approximately $1.6 million in the prior year quarter. Adjusted EBITDA for the first quarter was approximately $3.1 million, compared to approximately ($1.2) million in the prior year quarter. Sequential Brands Group Inc (NASDAQ:SQBG) shares advanced 1.93% in last trading session and ended the day on $9.50. SQBG return on assets is -13.30%. Sequential Brands Group Inc (NASDAQ:SQBG) quarterly performance is 68.14%.
On 16 MAY Reading International, Inc. (NASDAQ:RDI) has entered into a contract for the sale of its undeveloped land in Burwood, Victoria, Australia. The sale of the 50.6 acre parcel will generate AUS$65 million or about $59.1 million. Reading International, Inc. (NASDAQ:RDI) shares moved up 2.45% in last trading session and was closed at $8.35, while trading in range of $8.15 – $8.39. Reading International, Inc. (NASDAQ:RDI) year to date (YTD) performance is 11.48%.
On 13 MAY Phibro Animal Health Corp (NASDAQ:PAHC) reported its financial results for its March 2014 fiscal third quarter and provided guidance for its June 2014 fiscal fourth quarter and fiscal year. The Company completed an initial public offering of its common stock and a refinancing of substantially all of its outstanding indebtedness in April 2014.Net sales of $173 million increased 7%. Adjusted EBITDA of $22 million increased 16%. The Animal Health segment drove the increases with 15% sales growth and 25% growth in adjusted EBITDA. Pro forma adjusted diluted EPS of $0.36, up 28% from $0.28 last year. Guidance for the June 2014 quarter (compared to June 2013). Phibro Animal Health Corp (NASDAQ:PAHC) ended the last trading day at $18.47. Company weekly volatility is calculated as 5.71% and price to cash ratio as 23.49. Phibro Animal Health Corp (NASDAQ:PAHC) showed a positive weekly performance of 4.17%.
CONMED Corporation (NASDAQ:CNMD) provides surgical devices and equipment for minimally invasive procedures and monitoring. The stock currently has a dividend yield of 1.6%. CNMD has a PE ratio of 40.3. Currently there are 2 analysts that rate Conmed a buy, no analysts rate it a sell, and 1 rates it a hold. CONMED Corporation (NASDAQ:CNMD) net profit margin is 4.50% and weekly performance is -0.34%. On last trading day company shares ended up $49.45. Analysts mean target price for the company is $50.35. CONMED Corporation (NASDAQ:CNMD) distance from 50-day simple moving average (SMA50) is 8.55%.
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