Armco Metals Holdings, Inc. (NYSE:AMCO), a distributor of imported metal ore and a metal recycler in China, announced that the company has elected to deliver the Additional Closing Notice to Magna Group affiliate Hanover Holdings I, LLC pursuant to which we will issue and sell Hanover an additional $500,000 principal amount convertible promissory note under the terms of the Securities Purchase Agreement entered into with Hanover in November 2013. We expect to close the second tranche of this financing on March 3, 2014. We will use the proceeds from this transaction for working capital. Armco Metals Holdings Inc (NYSE:AMCO) stock opened at $0.41 in last session, and closed at $0.370, while the day range of AMCO stock is $0.34-$0.57.The stock showed a positive weekly performance of 2.70%.
L.B. Foster (NASDAQ:FSTR) declared a quarterly dividend on Thursday, February 27th, Analyst Ratings Net reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.03 per share on Friday, March 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. L.B. Foster Company (NASDAQ:FSTR) stock opened at $45.30, in last session and closed at $46.72, by gained 4.38%.The 52 week range was $39.14-$50.00.Company’s market capitalization is $481.71 billion.
Global Partners LP (NYSE:GLP) was upgraded by Zacks from an “underperform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Analyst RNreports. The firm currently has a $41.20 target price on the stock.Zacks‘ price objective suggests a potential upside of 4.89% from the company’s current price. Global Partners LP (NYSE:GLP) stock loosed -2.15% and finished the last session at $37.86.The EPS of the stock remained 1.70.Company’s market capitalization is $1.05 billion.
Empire Resources Inc (NASDAQ:ERS) will trade ex-dividend, for its quarterly dividend of $0.025, payable on 1/7/14. As a percentage of ERS’s recent stock price of $3.46, this dividend works out to approximately 0.72%. Empire Resources Inc (NASDAQ:ERS) stock opened the session at $4.30, and closed the session at $4.15. The 52 week range of the ERS stock remained $3.24-$5.25 and the day range was $4.15-$4.30.