China Ming Yang Wind Power Group Limited (NYSE:MY), a leading wind turbine manufacturer in China, announced its unaudited financial results for the first quarter ended March 31, 2014. Total revenue was RMB1, 224.0 million (US$196.9 million), an increase of 52.0% compared to RMB805.4 million in Q1 2013. China Ming Yang Wind Power Group Ltd (NYSE:MY) net profit margin is -17.70% and weekly performance is 38.55%. On last trading day company shares ended up $3.63. Analysts mean target price for the company is $0.90. China Ming Yang Wind Power Group Ltd (NYSE:MY) distance from 50-day simple moving average (SMA50) is 28.98%.
Canadian equipment finance company Element Financial Corp (EFN.TO) is in exclusive talks to buy PHH Corporation (NYSE:PHH) fleet leasing business for about $1.35 billion in cash, in a deal structured to include significant tax benefits, a source familiar with the matter said on Wednesday. PHH Corporation (NYSE:PHH) shares advanced 12.38% in last trading session and ended the day on $23.78. PHH gross Margin is 29.00% and its return on assets is 0.50%.PHH Corporation (NYSE:PHH) quarterly performance is -9.68%.
Lorillard Inc. (NYSE:LO) climbed to a record high yesterday on renewed speculation that Reynolds American Inc. (RAI), the second-largest seller of cigarettes in the U.S., will make a bid for its smaller rival. Lorillard Inc. (NYSE:LO) shares moved up 10.40% in last trading session and was closed at $62.63, while trading in range of $56.76 – $63.56. Lorillard Inc. (NYSE:LO) year to date (YTD) performance is 25.16%.
Rentech (NYSE:RTK)‘s stock had its “outperform” rating restated by research analysts at Imperial Capital in a report released on Thursday. They currently have a $3.00 target price on the stock, up from their previous target price of $2.40. Imperial Capital’s target price points to a potential upside of 33.93% from the company’s current price. Rentech, Inc. (NASDAQ:RTK) ended the last trading day at $2.39. Company weekly volatility is calculated as 3.86% and price to cash ratio as 5.11.Rentech, Inc. (NASDAQ:RTK) showed a positive weekly performance of 6.22%.
India Globalization Capital (NYSEMKT:IGC) soared Wednesday after Indian president Pranab Mukherjee appointed Narendra Modi as the new Prime Minister of the nation. India Globalization Capital, Inc. (NYSEMKT:IGC) net profit margin is -89.50% and weekly performance is 143.90%. On last trading day company shares ended up $2.00. India Globalization Capital, Inc. (NYSEMKT:IGC) distance from 50-day simple moving average (SMA50) is 151.32%.
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