CPI Aerostructures Inc., (NYSEMKT:CVU) one of Long Island’s homegrown aerospace companies, posted a 9.8 percent year-over-year increase in first quarter revenue to $21.9 million, driven by increased commercial aerospace production. But CPI Aero’s stock fell 7 percent yesterday as the company’s order backlog and gross margins contracted. CPI Aerostructures, Inc.(NYSEMKT:CVU) net profit margin is 9.40% and weekly performance is -9.64%. On last trading day company shares ended up $12.00. Analysts mean target price for the company is $17.33. CPI Aerostructures, Inc.(NYSEMKT:CVU) distance from 50-day simple moving average (SMA50) is -10.36%.
Luxfer Holdings PLC (NYSE:LXFR) reported lower-than-expected results for the first quarter 2014. Adjusted earnings of 28 cents per American Depositary Shares (ADS) lagged the Zacks Consensus Estimate of 32 cents per ADS. Compared with the year-ago quarter, the bottom-line result dropped by 17.6%. Luxfer generated revenues of $123.3 million in first quarter 2014, up 0.7% year over year and ahead of the Zacks Consensus Estimate of $116 million. Much of the top-line improvement in the Elektron division was offset by weak results in the Gas Cylinders division. Luxfer Holdings PLC (ADR)(NYSE:LXFR) shares fell -4.66% in last trading session and ended the day on $19.04. LXFR Gross Margin is 24.00% and its return on assets is 9.20%. Luxfer Holdings PLC (ADR)(NYSE:LXFR) quarterly performance is -2.66%.
PMFG, Inc. (NASDAQ: PMFG) reported Q3 EPS of ($0.15), $0.19 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $32.3 million versus the consensus estimate of $38.97 million. Net bookings totaled $38.8 million and $111.0 million during the three and nine month periods ended March 29, 2014, respectively. This compares to net bookings of $34.8 million and $87.2 million for the three and nine month periods ended March 30, 2013. Higher bookings of separation and filtration equipment and environmental systems equipment contributed to the year to date growth in net bookings when compared to the prior year. PMFG Inc (NASDAQ:PMFG) shares moved down -20.56 % in last trading session and was closed at $-4.56, while trading in range of $ 4.51 – 5.51. PMFG Inc(NASDAQ:PMFG) year to date (YTD) performance is -49.61%.
Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of Guanwei Recycling Corp. (NASDAQ:GPRC) related to fraud charges brought against stock promoter S. Paul Kelley (“Kelley”) and certain of his associates by the Securities and Exchange Commission (“SEC”). This investigation concerns whether the Board of Directors of Guanwei breached their fiduciary duties to stockholders by allowing Kelley to acquire control of the Company so that it could be used as a shell company to conceal assets held by Kelley and his associates. The SEC alleges that Kelly manipulated the Company’s share price and sold several million dollars worth of stock at artificially inflated prices. Guanwei Recycling Corp. (NASDAQ:GPRC) ended the last trading day at $1.56. Company weekly volatility is calculated as 14.38% and price to cash ratio as 1.37. Guanwei Recycling Corp.(NASDAQ:GPRC) showed a negative weekly performance of -35.00%.
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