Nordic American Tanker Ltd (NYSE:NAT) announced the pricing of its previously announced underwritten public offering for 10,000,000 common shares. Because of strong demand the Company agreed to upsize the offering to 12,000,000 common shares at a public offering price of $8.62 per share. The common shares are being offered pursuant to the Company’s effective shelf registration statement Morgan Stanley & Co. LLC is acting as the bookrunning manager for the offering and Global Hunter Securities, LLC is acting as co-manager of the offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 common shares. The Company expects to close the sale of the common shares on April 11, 2014, subject to customary closing conditions. Nordic American Tanker Ltd (NYSE:NAT) shares after opening at $8.51 moved to $8.58 on last trade day and at the end of the day closed at $8.50. Company price to sales ratio in past twelve months was calculated as 2.73 and price to cash ratio as 7.06. Nordic American Tanker Ltd (NYSE:NAT) showed a negative weekly performance of -13.53%.
Shares of Gigamon Inc (NYSE:GIMO) slipped after the networking-hardware company trimmed revenue expectations for the latest quarter, saying one large transaction from a customer abroad did not materialize.As a result, the company now expects revenue for the quarter ended March 29 between $31 million to $31.5 million, below Gigamon’s prior target of $34 million to $35 million.Gigamon Inc (NYSE:GIMO) shares fell -33.93% in last trading session and ended the day on $17.31. GIMO return on equity ratio is recorded as -25.00% and its return on assets is -12.70%.
Companhia de Saneamento Basico (ADR) (NYSE:SBS) too is riding the Brazilian Samba that the ADR stocks are performing on US stock markets over the past weeks. This has been true of most of the Brazil-based ADRs, despite the power-packed punch the country’s economy has received what with the credit rating as well as a sizeable jobs report. The investment scene trend setter Moody has since rated Brazil as ‘Investment’ positive, ensuring that investors relook large-sized companies with sound track records. Companhia de Saneamento Basico (ADR) (NYSE:SBS) shares moved down -3.08% in last trading session and was closed at $9.10, while trading in range of $9.03-$9.45. Companhia de Saneamento Basico (ADR) (NYSE:SBS) year to date performance is -19.75%.
Q2 Holdings, Inc. (NYSE:QTWO), a provider of secure virtual banking solutions, announced that the underwriters of its recently completed initial public offering have exercised in full their option to purchase an additional 1,164,131 shares of common stock from Q2 to cover over-allotments. The sale of these additional shares of common stock closed earlier yesterday, following the closing on March 25, 2014 of the sale of 6,250,000 shares by Q2 and 1,510,870 shares by selling stockholders. As a result, Q2 has received aggregate net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses, of approximately $86.4 million. Q2 Holdings Inc (NYSE:QTWO) weekly performance is -17.40%. On last trading day company shares ended up $13.72. Q2 Holdings Inc (NYSE:QTWO) distance from 50-day simple moving average is -12.62%.