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New York, NY -- (SBWIRE) -- 11/16/2012 -- Proto Labs, Inc. (PRLB) said Monday that it has commenced a public offering of 3.6 million shares of its common stock, of which 3.5 million shares will be sold by certain selling shareholders and 100,000 shares will be sold by Proto Labs.In addition, certain of the selling shareholders will grant the underwriters an option to purchase up to an additional 540,000 shares of common stock.Proto Labs will not receive any of the proceeds from the sale of the shares sold by the selling shareholders.The principal purposes of the offering are to facilitate an orderly distribution of shares for the selling shareholders and to increase Proto Labs' public float, the company said.Proto Labs plans to use the proceeds that it receives from the offering to pay the expenses that it incurs in connection with the offering and for working capital and general corporate purposes. Proto Labs, Inc. (NYSE:PRLB) is +0.45 - +1.42% from the previous close of $31.78. It traded between $31.16 - 32.77 with total traded volume of 1502889 shares. Keep a close eye on PRLB, as the stock has been showing unusual moves over the past weeks. At Current market price, PRLB has recovered +29.28% from its 52-week Low of 24.93 and has Pulled back -21.58% from its 52-week high of 41.10.
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Dial Global, Inc., Formerly Westwood One, Inc. is an independent, full-service network radio company. As of December 31, 2011, the Company distributed, produced, and/or syndicated programming and services to more than 8,500 radio stations nationwide, including representing/selling audio content of third-party producers. The Company produces and / or distribute over 200 news, sports, music, talks and entertainment radio programs, services and digital applications, as well as audio content from live events, turn-key music formats, prep services, jingles and imaging. Shares of Dial Global, Inc. (NGM:DIAL) are trading at $0.60 and is -76.93% from its 50-day Moving Average price of $2.6006 and -78.03% from its 200-day Moving Average price of $2.7307. The average trading volume is 8686 shares and its market capitalization is $34.2M.
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New Energy Systems Group (NYSE:NEWN) ("New Energy" or the "Company"), a vertically integrated original design manufacturer and distributor of Anytone® and MeePower®-branded consumer backup power systems for mobile devices and solar panels and related solar application products to service municipal power applications, today announced financial results for the third quarter ended September 30, 2012.
Revenues declined 46% year-over-year to $3.6 million due to lower demand for batteries in China and increased competition. Solar panel and related solar product sales were down 62% to $1.9 million due to the downturn pressure of the entire solar market and intense market competition.Cost of sales decreased 38% to $3.4 million from $5.5 million in the third quarter of 2011 due to lower sales and production volumes. Gross profit in the third quarter of 2012 was $0.2 million compared to $1.2 million, a 80% decline compared to the same period last year.Consolidated gross margin fell to 7% from 18% in the third quarter of 2011 as a result of higher raw materials and labor costs and a significant decrease in production and sales volumes.
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Ameristar Casinos Inc. (ASCA)announced details for a planned resort in western Massachusetts, with a development it said could be open 18 months ahead of rivals.Ameristar Casinos Inc (ASCA) shares gained 6.17 percent to $17.89 in post-market trading. The stock has a 52-week low of $15.04, a 52-week high of $23.47 and $552.80 million in market capitalization.
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