Iridium Communications Inc. (NASDAQ:IRDM) announced two different sets of press releases, where one pertains to stock purchase agreement with Barrons Fund, and the other relates to the sale of its common shares. Iridium Communications said that it has reached a stock purchase agreement with Barrons Fund. Under the agreement, Iridium Communications will issue its 7,692,308 shares of common stock to Barron funds at a price of $6.50 per share for an approximate gross proceeds of $50,000,002. The company plans to utilize the proceeds of the offering for general corporate purposes that include capital expenditures, working capital, improvement and placement of its NEXT system and other general and administrative expenses. Iridium Communications Inc.(NASDAQ:IRDM) shares after opening at $7.30 moved to $7.61 on last trade day and at the end of the day closed at $7.24. Company price to sales ratio in past twelve months was calculated as 1.45 and price to cash ratio as 2.12. Iridium Communications Inc. (NASDAQ:IRDM) showed a positive weekly performance of 7.74%.
Pacific Ethanol, Inc. (NASDAQ:PEIX), the leading producer and marketer of low-carbon renewable fuels in the Western United States, announced it has retired in full its $22.2 million in original principal amount of senior unsecured notes by repaying the remaining principal balance of less than $1.0 million. Pacific Ethanol Inc(NASDAQ:PEIX) shares fell -8.59% in last trading session and ended the day on $12.59. PEIX return on equity ratio is recorded as -3.10% and its return on assets is -1.00%. Pacific Ethanol Inc (NASDAQ:PEIX) yearly performance is 199.05%.
Universal Display (NASDAQ:OLED) has been downgraded by The Street Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Universal Display Corporation (NASDAQ:OLED) Universal Display Corporation (NASDAQ:OLED) shares moved down -9.73% in last trading session and was closed at $23.67, while trading in range of $ 23.45 – 26.49. Universal Display Corporation (NASDAQ:OLED) year to date (YTD) performance is -31.11%.
Trex Co., Inc. (NYSE:TREX) reported Q1 EPS of $0.73, $0.20 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $101 million versus the consensus estimate of $115.25 million. Expects strong 2Q on delayed start to decking season. Chairman, President and CEO Ronald W. Kaplan commented, “The severe weather experienced throughout the country during the first quarter delayed the start of outdoor living project activity. Trex was affected by this trend. The impact was especially evident in March, when winter storms and low temperatures persisted throughout the month. Except for the weather-related impact to our sales, we are pleased with our first-quarter financial performance and remain confident about our strategy for the year. Trex Company, Inc. (NYSE:TREX) weekly performance is -8.05%. On last trading day company shares ended up $71.61. Trex Company, Inc.(NYSE:TREX) distance from 50-day simple moving average (SMA50) is -4.84%. Analysts mean target price for the company is $83.17.
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