Unusual Volume At Consumer Goods: American Apparel (NYSEMKT:APP), Tenneco Inc (NYSE:TEN), Fuwei Films (NASDAQ:FFHL), G-III Apparel Group (NASDAQ:GIII)

Posted by on Mar 26, 2014

American Apparel Inc. (NYSEMKT:APP), facing another cash crunch, plans to sell $30.5 million of stock to pour more money into its attempted turnaround and meet looming debt payments. American Apparel Inc. (NYSEMKT:APP) shares after opening at $0.75 moved to $0.79on last trade day and at the end of the day closed at $0.588. Company price to sales ratio in past twelve months was calculated as 0.10 and price to cash ratio as 13.24 . American Apparel Inc. (NYSEMKT:APP) showed a negative weekly performance of -24.64%.

Tenneco Inc. (TEN), Faurecia SA (EO) and Eberspaecher Group were raided by European Union antitrust regulators investigating possible collusion between manufacturers of car-exhaust systems. Tenneco Inc (NYSE:TEN) shares fell -6.37% in last trading session and ended the day on $55.24. TEN return on equity ratio is recorded as 51.00% and its return on assets is 4.60%. Tenneco Inc (NYSE:TEN) yearly performance is 43.48%.

Fuwei Films (Holdings) Co., Ltd. (NASDAQ: FFHL) announced that the Company has become aware that the fifth public auction by which the Company’s controlling shareholder, the Weifang State-owned Assets Operation Administration Company, a wholly-owned subsidiary of Weifang State-owned Asset Management and Supervision Committee (collectively, the “Administration Company”) sought to sell control over 6,912,503 (or 52.9%) of its outstanding ordinary shares, resulted in the acceptance of a successful bid. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) shares moved up 33.04% in last trading session and was closed at $1.49, while trading in range of $1.15 – 2.07. Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) year to date (YTD) performance is 33.04%.

G-III Apparel Group Ltd. (NASDAQ:GIII) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.95-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.30, Analyst RN reports. G-III Apparel Group, Ltd. (NASDAQ:GIII) weekly performance is -5.97%. On last trading day company shares ended up $71.79. G-III Apparel Group, Ltd. (NASDAQ:GIII) distance from 50-day simple moving average (SMA50) is 2.01%. Analysts mean target price for the company is $78.00.

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