The latest action in the planned merger between Verso Paper Corp. (NYSE:VRS) and NewPage involves complex financial moves but the purpose is still the same, to edge the difficult merger forward after a series of recent reverses. NewPage owns the Luke paper mill, which employs more than 800 people. Verso Paper Corp. (NYSE:VRS) net profit margin is -12.10% and weekly performance is 44.10%. On last trading day company shares ended up $2.81. Analysts mean target price for the company is $1.50. Verso Paper Corp. (NYSE:VRS) distance from 50-day simple moving average (SMA50) is 17.32%.
On June 27, 2014, Norcraft Companies, Inc. (NYSE:NCFT) held its 2014 Annual Meeting of Shareholders (the “Meeting”) to elect one Class I director, and ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2014. For more information about the foregoing matters, see the Company’s proxy statement filed with the Securities and Exchange Commission on April 30, 2014. As of May 6, 2014, the record date for the Meeting, there were 17,311,573 shares of common stock outstanding and entitled to vote on all matters. At the Meeting, 15,057,999 shares of common stock eligible to vote were represented in person or by proxy, constituting a quorum. Norcraft Companies Inc. (NYSE:NCFT) shares advanced 1.61% in last trading session and ended the day on $14.52. NCFT gross Margin is 26.20% and its return on assets is -3.70%.Norcraft Companies Inc. (NYSE:NCFT) quarterly performance is -16.98%.
On June 11, 2014, the Board of Directors of Ocera Therapeutics, Inc. (NASDAQ:OCRX) appointed Sharon Tetlow as Acting Chief Financial Officer and Treasurer of the Company. The Board also selected Ms. Tetlow to perform the duties of the Company’s principal financial officer and principal accounting officer. Ocera Therapeutics Inc. (NASDAQ:OCRX) shares moved down 7.28% in last trading session and was closed at $7.13, while trading in range of $7.13 – $7.13. Ocera Therapeutics Inc. (NASDAQ:OCRX) year to date (YTD) performance is -45.11%.
Essex Rental Corp. (NASDAQ:ESSX) held its Annual Meeting of Stockholders (the “Meeting”) on June 5, 2014. At the Meeting, Essex’s stockholders elected Laurence S. Levy, William W. Fox and Nicholas J. Matthews as Class B Directors to serve for a term of two years and until their successors have been duly elected and qualified, ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm of Essex for the 2014 fiscal year and approved, on a non-binding advisory basis, executive compensation, as disclosed in the proxy statement. The matters voted on at the Meeting are described in Essex’s Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 28, 2014. Essex Rental Corp. (NASDAQ:ESSX) ended the last trading day at $2.36. Company weekly volatility is calculated as 7.12% and price to cash ratio as 58.53.Essex Rental Corp. (NASDAQ:ESSX) showed a negative weekly performance of -5.98%.