Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Hertz Global Holdings, Inc. (NYSE:HTZ). On June 6, 2014, Hertz announced that “[t]he Audit Committee has concluded that the financial statements for 2011 should no longer be relied upon, and Hertz must restate them. Hertz also needs to correct the 2012 and 2013 financial statements to reflect these errors. Hertz Global Holdings, Inc. (NYSE:HTZ) net profit margin is 6.50% and weekly performance is -6.06% .On last trading day company shares ended up $27.73. Analysts mean target price for the company is $ 30.56. Hertz Global Holdings, Inc. (NYSE:HTZ) distance from 50-day simple moving average (SMA50) is -1.21%.
TOP Ships Inc. (NASDAQ:TOPS) stock is plummeting Friday after the company priced an underwritten offering of 10 million shares of common stock and warrants to purchase 5 million common shares, at $2 per share and $0.000001 per warrant. The warrants have an exercise price of $2.50 per share, are exercisable immediately, and will expire five years from the date of issuance. TOP Ships Inc. (NASDAQ:TOPS) shares fell -36.21% in last trading session and ended the day on $ 1.85. TOP Ships Inc. (NASDAQ:TOPS) quarterly performance is -82.26%.
Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) reported results for its quarter ended May 3, 2014. Results for the first quarter included: Operating income decreased 74.4% to $6.3 million; EPS decreased 75.4% to $0.16; Adjusted EBITDA decreased 68.1% to $8.6 million; Comparable store sales decreased 6.2%. Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) shares moved down -8.80% in last trading session and was closed at $20.52, while trading in range of $19.85 -$21.35. Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) year to date (YTD) performance is -19.53%.
On June 5, Titan Machinery Inc. (NASDAQ:TITN) reported financial results for the fiscal first quarter ended April 30, 2014. For the first quarter of fiscal 2015, revenue was $465.5 million, compared to $441.7 million in the first quarter last year. Equipment sales were $345.0 million for the first quarter of fiscal 2015, compared to $334.7 million in the first quarter last year. Parts sales were $68.4 million for the first quarter of fiscal 2015, compared to $62.8 million in the first quarter last year. Revenue generated from service was $37.1 million for the first quarter of fiscal 2015, compared to $32.0 million in the first quarter last year. Revenue from rental and other increased to $15.0 million for the first quarter of fiscal 2015 from $12.1 million in the first quarter last year. Titan Machinery Inc. (NASDAQ:TITN) ended the last trading day at $16.98. Company weekly volatility is calculated as 5.31% and price to cash ratio as 4.87. Titan Machinery Inc. (NASDAQ:TITN) showed a negative weekly performance of -3.03%.
On May 13, 2014, ADDvantage Technologies Group, Inc. (NASDAQ:AEY) announced its results for the three month period ended March 31, 2014. Total revenue for the three months ended March 31, 2014 increased 23% to $8.3 million compared with $6.8 million for the same period ended March 31, 2013. The increase in revenue reflects sales of $1.1 million from Nave Communications, which was acquired February 28, 2014. ADDvantage Technologies Group, Inc. (NASDAQ:AEY) shares moved down -6.06% in last trading session and was closed at $2.79, while trading in range of $2.79 – $2.91. ADDvantage Technologies Group, Inc.(NASDAQ:AEY) year to date (YTD) performance is 3.72%.