More sales growth boosted Gildan Activewear Inc. (USA) (NYSE:GIL) to a record profit for the second consecutive quarter, the company reported Friday. The company’s net income rose 8.9 percent to $79.2 million for its second quarter, which ended March 30. Sales were up 4.9 percent to $548.8 million. Gildan Activewear Inc. (USA) (NYSE:GIL) shares after opening at $52.28 moved to $55.29 on last trade day and at the end of the day closed at $55.06. Company price to sales ratio in past twelve months was calculated as 3.04 and price to cash ratio as 85.03. Gildan Activewear Inc. (USA) (NYSE:GIL) showed a positive weekly performance of 10.08%.
Raymond James upgraded Mercer International Inc. (NASDAQ:MERC) following the better than expected Q1 report citing improved operating performance and NBSK outlook. Price target is $10.50. Mercer International Inc. (NASDAQ:MERC) shares advanced 8.07% in last trading session and ended the day on $8.97. MERC return on equity ratio is recorded as -13.00% and its return on assets is -3.10%. Mercer International Inc. (NASDAQ:MERC) yearly performance is 46.33%.
R.G. Barry Corporation (NASDAQ:DFZ) and Mill Road Capital, a private equity firm, announced the signing of a merger agreement pursuant to which Mill Road will acquire all of the outstanding shares of R.G. Barry Corporation for $19.00 per share in cash, reflecting an equity value of approximately $215 million. The merger will result in R.G. Barry becoming a wholly-owned subsidiary of a newly-formed corporation controlled by Mill Road. R.G. Barry Corp. (NASDAQ:DFZ) shares moved up 4.14% in last trading session and was closed at $18.85, while trading in range of $18.83 – $19.00. R.G. Barry Corp. (NASDAQ:DFZ) year to date (YTD) performance is -1.77%.
Morgan Stanley assumed coverage on shares of Cresud SACIF (NASDAQ:CRESY) in a report issued on Monday, AnalystRatings.NET reports. The firm issued an overweight rating on the stock. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) weekly performance is 5.85%. On last trading day company shares ended up $12.13. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) distance from 50-day simple moving average (SMA50) is 22.17%. Analysts mean target price for the company is $17.05.
Key Technology, Inc. (NASDAQ:KTEC) announced the financial outcomes of its sales and operations for the quarter ended March 31, 2014. The company reported net sales of $31.6 million, which is comparable to $35.5 million new sales of the second quarter of the previous year. Key Technology, Inc. (NASDAQ:KTEC) shares after opening at $12.29 moved to $12.44 on last trade day and at the end of the day closed at $12.32. Company price to sales ratio in past twelve months was calculated as 0.55 and price to cash ratio as 6.80. Key Technology, Inc. (NASDAQ:KTEC) showed a negative weekly performance of -0.16%.