Services Sector Volatile Stocks: NewLead Holdings (NASDAQ:NEWL), American Railcar Industries (NASDAQ:ARII), Cinedigm (NASDAQ:CIDM), Knightsbridge Tankers Limited (NASDAQ:VLCCF)

Posted by on Mar 28, 2014

NewLead Holdings Ltd. (NASDAQ:NEWL) announced that it has executed definitive agreements for the acquisition of two eco-type 31,800 dwt, Handysize bulk carriers built in 2012 for a total acquisition price of $37.0 million. NewLead Holdings Ltd (NASDAQ:NEWL) shares after opening at $1.67 moved to $1.85 on last trade day and at the end of the day closed at $1.69. Company price to sales ratio in past twelve months was calculated as 0.29. NewLead Holdings Ltd (NASDAQ:NEWL) showed a negative weekly performance of -23.18%.

shares of American Railcar Industries, (NASDAQ:ARII) , which makes, services, and leases railcars, shed 4.9% on Thursday. Of the 15 publicly traded railroad stocks in the U.S., 13 fell yesterday, though American Railcar Industries’ investors took the worst hit. American Railcar Industries, Inc. (NASDAQ:ARII) shares fell -4.86% in last trading session and ended the day on $67.37. ARII return on equity ratio is recorded as 21.40% and its return on assets is 11.30%. American Railcar Industries, Inc. (NASDAQ:ARII) yearly performance is 53.92%.

Cinedigm Digital Cinema (NASDAQ:CIDM) had its price target decreased by B. Riley from $3.75 to $3.50 in a research report sent to investors on Friday morning, StockRatingsNetwork reports. Cinedigm Corp (NASDAQ:CIDM) shares moved down -5.45% in last trading session and was closed at $2.60 while trading in range of $2.56 – $2.83 – Cinedigm Corp (NASDAQ:CIDM) year to date (YTD) performance is 28.71%.

Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) have received an average rating of “Buy” from the eight brokerages that are presently covering the company, reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. Knightsbridge Tankers Limited (NASDAQ:VLCCF) weekly performance is -7.71%. On last trading day company shares ended up $12.93. Knightsbridge Tankers Limited (NASDAQ:VLCCF) distance from 50-day simple moving average (SMA50) is 19.55%. Analysts mean target price for the company is $15.00.

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