Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) announced the pricing at $45.50 per share of an underwritten public offering of 5,500,000 ordinary shares offered by its shareholder, Kibbutz Sdot-Yam. The selling shareholder has also granted the underwriters a 30-day option to purchase up to 825,000 additional ordinary shares. Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) will not receive any proceeds from the offering. The offering is expected to close on June 4, 2014. Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) net profit margin is 17.80% and weekly performance is -5.05%. On last trading day company shares ended up $45.83. Analysts mean target price for the company is $60.00. Caesarstone Sdot-Yam Ltd (NASDAQ:CSTE) distance from 50-day simple moving average (SMA50) is -14.82%.
On 12 MAY Magellan Petroleum Corporation (NASDAQ:MPET) reported first quarter results. Revenues for the three months ended March 31, 2014, totaled $1.9 million, compared to $1.7 million for the prior year period, an increase of 12%. We also recorded net income for the three months ended March 31, 2014, of $24.1 million ($0.53/basic share), compared to a net loss of $4.3 million ($(0.09)/basic share) for the prior year period. Adjusted EBITDAX (see Non-GAAP Financial Measures and Reconciliation below) was negative $477 thousand for the three months ended March 31, 2014, compared to negative $1.4 million for the prior year period. Magellan Petroleum Corporation (NASDAQ:MPET) shares fell -8.60% in last trading session and ended the day on $1.70. MPET Gross Margin is 1.30% and its return on assets is -22.70%. Magellan Petroleum Corporation (NASDAQ:MPET) quarterly performance is 25.00%.
Jumei International Holding Ltd (ADR) (NYSE:JMEI)’s stock gained nearly 26%, apparently without any news. The move could be attributed to the general excitement caused by Chinese tech stocks debuting in the US. JD.com Inc. (JD) saw successful just last week, and the anticipation over the IPO of Alibaba Holdings is probably behind the movement in Jumei International Holding Ltd (ADR) (NYSE:JMEI). Jumei International Holding Ltd (ADR) (NYSE:JMEI) shares moved down -5.30% in last trading session and was closed at $27.50, while trading in range of $27.12 – $29.70. Jumei International Holding Ltd (ADR) (NYSE:JMEI) year to date (YTD) performance is 13.73%.
On 28 MAY India Globalization Capital, Inc. (NYSEMKT: IGC) has confirmed it has initiated a letter of intent demonstrating its clear intention to acquire Hong Kong based, Golden gate. Subject to execution of the acquisition agreement, satisfaction of due diligence and approval by IGC board, the transaction should close in the current quarter. India Globalization Capital, Inc. (NYSEMKT: IGC) ended the last trading day at $1.42. Company weekly volatility is calculated as 27.06% and price to cash ratio as 28.22. India Globalization Capital, Inc. (NYSEMKT: IGC) showed a negative weekly performance of -29.00%.
Koninklijke KPN N.V. (ADR) (OTCMKTS: KKPNY) on last trading day company shares ended up $3.70.