NASDAQ stocks touching New Lows: NII Holdings (NASDAQ:NIHD), Ceres (NASDAQ:CERE), MCG Capital (NASDAQ:MCGC), ROI Acquisition (NASDAQ:EVRY)

Posted by on Mar 06, 2014

NII Holdings Inc (NASDAQ:NIHD) was Monday placed on negative outlook by S&P Ratings Services. The holding company that operates Nextel Communications Inc had its corporate credit observation reduced from ‘CCC+’ to ‘CCC.’ That negative outlook was linked to the company’s recent lackluster fourth quarter 2013 performance results. The lowered credit rating on NIHD is also connected to the company’s disclosure that its auditors were uncertain over its ability to carry on as a going concern. The S&P credit rating analysts therefore observed that they think or even believe that NII Holdings Inc (NASDAQ:NIHD) is at higher risk of failing its financial maintenance agreements with various vendors and banks over the coming year. Shares of NII Holdings Inc (NASDAQ:NIHD) were last seen trading at $1.16, after gaining 0.87 percent in the Monday trading session. NII Holdings Inc (NASDAQ:NIHD) stock opened at $1.04 in last session, and closed at $1.14, while the day range of NIHD stock is $1.03-$1.15.The stock showed a negative weekly performance of -55.64%.

Ceres, Inc. (Nasdaq:CERE) announced the pricing of an underwritten public offering of 20,000,000 shares of common stock at a public offering price of $1.00 per share. Ceres also granted the underwriters a 45-day option to purchase up to 3,000,000 additional shares of common stock to cover over-allotments, if any. Ceres expects to receive approximately $20 million in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the company. Ceres intends to use the net proceeds from this offering for general corporate purposes, including working capital. Ceres Inc (NASDAQ:CERE) stock opened at $1.04, in last session and closed at $1.02, by loosed -20.31%. The 52 week range was $1.01-$5.60.Company’s market capitalization is $25.71 million.

MCG Capital Corp. (NASDAQ:MCGC) was the recipient of a large growth in short interest in the month of January. As of February 14th, there was short interest totalling 988,775 shares, a growth of 45.0% from the January 31st total of 681,944 shares, Analyst Ratings Network reports. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 317,716 shares, the short-interest ratio is presently 3.1 days. MCG Capital Corp (NASDAQ:MCGC) stock loosed -10.98% and finished the last session at $3.89.The EPS of the stock remained 0.36.Company’s market capitalization is $277.01 million.

ROI Acquisition Corp (NASDAQ:EVRY) has announced the appointment of Mr. Sam Solomon as the company new Chief Executive Officer on an interim basis. This is after he was approved by the company’s board of directors. Mr. Solomon will be succeeding Mr. John Sheppard who stepped aside, effective of February 24. ROI Acquisition Corp (NASDAQ:EVRY) stock opened the session at $5.45, and closed the session at $5.46. The 52 week range of the EVRY stock remained $5.20-$13.74 and the day range was $5.20-$5.51.

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