News Buzz: Approach Resources, K Swiss Inc, DiamondRock Hospitality Company, Avnet, Inc. (NYSE:AVT)

Lakeway, NY -- (SBWIRE) -- 02/26/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Approach Resources Inc. (NASDAQ:AREX) went down 1.37% and closed at $24.44. Recently, the Company reported fourth quarter 2012 production totaled 784 MBoe, up 21% from the same period in 2011. Production for fourth quarter 2012 was 38% oil, 30% NGLs and 32% natural gas compared to 26% oil, 35% NGLs and 39% natural gas in fourth quarter 2011. Net loss for fourth quarter 2012 was $837,000 or $0.02 per diluted share on revenues of $35.3 million. This compares to net loss for fourth quarter 2011 of $9.3 million, or $0.30 per diluted share on revenues of $31.1 million.

Get Latest News, Updates on AREX Here

K Swiss Inc. (NASDAQ:KSWS) decreased 0.42% and the last traded price was $4.70. The 52-week range for the stock is $2.20 and $4.74. The Company has Price/Sales ratio of 0.72 and Price/Book ratio of 1.15. The 50-Day Moving Average and 200-Day Moving Average prices is $4.36 and $3.41 respectively.

Is KSWS a Strong Buying Opportunity After The Recent Slump? Find out Here

DiamondRock Hospitality Company (NYSE:DRH) went down 2.57% and the last traded price was $8.71. DiamondRock Hospitality Company will report financial results for its fiscal fourth quarter and full year 2012 after the market closes on February 28, 2013. DiamondRock Hospitality Company is a lodging-focused real estate company. It operates as a real estate investment trust. As of December 31, 2011, it owned a portfolio of 26 hotels and resorts that contain 11,828 guest rooms.

Is DRH Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

Avnet, Inc. (NYSE:AVT) slipped 3.40% and the last traded price was $34.42. Avnet Technology Solutions signed a distribution agreement with Texas Memory Systems, Inc. Texas Memory System is an IBM company and a 34-year veteran of the enterprise data storage and digital signal processing industries. Under this agreement, Avnet will help IBM business partners, solution providers and value-added resellers in the U.S. and Canada expand their data storage solutions capabilities with a broad portfolio of flash-optimized storage arrays and flash optimization software that help end-users increase the returns on their data center infrastructure investments.

Get latest News, Updates on AVT Here

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