Equities research analysts at Canaccord Genuity lowered their price objective on shares of Westport Innovations (NASDAQ:WPRT) from $20.00 to $15.00 in a research note issued to investors on Friday, American Banking News.com reports. Canaccord Genuity’s price target would suggest a potential upside of 16.01% from the company’s previous close. Westport Innovations Inc. (USA) (NASDAQ:WPRT) shares after opening at $13.55 moved to $16.25 on last trade day and at the end of the day closed at $16.07. Company price to sales ratio in past twelve months was calculated as 6.15. Westport Innovations Inc. (USA) (NASDAQ:WPRT) showed a positive weekly performance of 24.19%.
Skullcandy Inc (NASDAQ:SKUL), the headphone maker, reported results for the first quarter of its fiscal 2014 (1QFY14) with an adjusted loss of 12 cents per share, beating analysts’ estimates by five cents. Skullcandy Inc. (NASDAQ:SKUL) shares advanced 3.61% in last trading session and ended the day on $8.03. SKUL return on equity ratio is recorded as -2.20% and its return on assets is -1.70%. Skullcandy Inc. (NASDAQ:SKUL) yearly performance is 55.32%.
Mercer International Inc. (NASDAQ:MERC) recorded a derivative gain of $3.2 million on the mark to market adjustment of our Stendal mill’s interest rate derivative, compared to a net derivative gain of $6.4 million in the same quarter of last year. Mercer International Inc. (NASDAQ:MERC) shares moved up 8.07% in last trading session and was closed at $8.97, while trading in range of $8.47 – $9.84. Mercer International Inc. (NASDAQ:MERC) year to date (YTD) performance is -10.03%.
Universal Electronics, Inc. (NASDAQ:UEIC) reported Q1 EPS of $0.40, $0.05 better than the analyst estimate of $0.35. Revenue for the quarter came in at $129.8 million versus the consensus estimate of $123.21 million. Universal Electronics Inc. (NASDAQ:UEIC) weekly performance is 16.14%. On last trading day company shares ended up $41.01. Universal Electronics Inc. (NASDAQ:UEIC) distance from 50-day simple moving average (SMA50) is 5.06%. Analysts mean target price for the company is $43.60.