Orlando, FL -- (SBWIRE) -- 10/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On DryShips Inc. (NASDAQ:DRYS), Andalay Solar Inc (OTCMKTS:WEST).
DryShips Inc. (NASDAQ:DRYS) shares increased 0.27% to $3.74. DRYS stock has been upgraded by TheStreet Ratings from sell to hold on Sept. 27. The company's strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.
Are investors worried about the recent updates with DRYS? Find out with a free trend analysis HERE
Andalay Solar Inc (OTCMKTS:WEST) shares fell 21.72% to $0.0292. On September 30, 2013, Andalay Solar, Inc., a Delaware corporation (formerly Westinghouse Solar, Inc.) entered into a loan and security agreement with Alpha Capital Anstalt and Collateral Services, LLC pursuant to which the Lender will provide financing, on a discretionary basis, for one year, against the Company's, accounts receivable and inventory. The maximum amount that can be borrowed under the Agreement is $500,000.
The Company has the right to borrow against its accounts receivable at the rate of 80% of the Net Face Amount of Prime Accounts (as defined in the Agreement) not in excess of $200,000, 50% of the Current Market Cost (as defined in the Agreement) of raw materials that constitute Eligible Inventory (as defined in the Agreement), 65% of Current Market Cost of finished goods that constitute Eligible Inventory and 95% of cash in a blocked account, but not in the aggregate amount in excess of $300,000.
Is WEST going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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