Global Cash Access Holdings (NYSE:GCA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a $7.50 target price on the stock. Zacks‘s price target points to a potential downside of 4.46% from the company’s current price. Global Cash Access Holdings, Inc. (NYSE:GCA) shares after opening at $7.89 on last trade day and at the end of the day closed at $8.45. Company price to sales ratio in past twelve months was calculated as 0.96 and price to cash ratio as 3.87. Global Cash Access Holdings, Inc. (NYSE:GCA) showed a positive weekly performance of 5.23%.
In the news release, “Brookfield Property Partners Successful in Tender Offer,” issued by Brookfield Property Partners LP (NYSE:BPY), we are advised by the company that numerous numerical changes were made throughout the press release. Complete corrected text follows. Brookfield Property Partners Successful in Tender Offer. Takes up Majority of Minority Common Shares of Brookfield Office Properties and Announces Plan to Complete Privatization. Brookfield Property Partners LP (NYSE:BPY) shares advanced 0.59% in last trading session and ended the day on $18.91.
American Residential Properties (NASDAQ:ARPI) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, AmericanBankingNews.com reports. They currently have a $18.50 price objective on the stock, down from their previous price objective of $20.00. Bank of America’s price objective indicates a potential upside of 4.82% from the company’s current price. American Residential Properties Inc (NYSE:ARPI) shares moved down -0.34% in last trading session and was closed at $17.59, while trading in range of $17.00 – $17.62. American Residential Properties Inc (NYSE:ARPI) year to date (YTD) performance is 2.51%.
Applied Optoelectronics Inc (NASDAQ:AAOI) announced the pricing of its follow-on public offering of 3,000,000 shares of its common stock at a price to the public of $24.25 per share before underwriting discounts. Of the shares being offered, 1,575,235 shares are being offered by Applied Optoelectronics, Inc., and 1,424,765 shares are being offered by selling stockholders. Applied Optoelectronics will not receive any proceeds from the sale of shares by the selling stockholders. Applied Optoelectronics Inc (NASDAQ:AAOI) weekly performance is -1.91%. On last trading day company shares ended up $25.70. Applied Optoelectronics Inc (NASDAQ:AAOI) distance from 50-day simple moving average (SMA50) is 44.43%. Analysts mean target price for the company is $26.80.